IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) had its price target raised by equities researchers at Canaccord Genuity Group from C$3.75 to C$5.50 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 11.11% from the company’s current price.
IMG has been the topic of a number of other research reports. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. National Bankshares increased their target price on shares of IAMGOLD from C$6.25 to C$6.50 in a research report on Friday, April 19th. Stifel Nicolaus increased their target price on shares of IAMGOLD from C$3.00 to C$5.25 in a research report on Friday, April 19th. Finally, Bank of America increased their target price on shares of IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$4.99.
Read Our Latest Analysis on IMG
IAMGOLD Stock Down 2.0 %
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last announced its earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The firm had revenue of C$405.19 million for the quarter. As a group, analysts expect that IAMGOLD will post 0.0746963 EPS for the current year.
IAMGOLD Company Profile
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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