Canaccord Genuity Raises IAMGOLD Corp (TSE:IMG) Price Target to C$9.50
A number of other equities research analysts also recently weighed in on IMG. National Bank Financial restated an outperform market weight rating on shares of IAMGOLD Corp in a research note on Sunday, May 14th. Royal Bank Of Canada raised their price target on shares of IAMGOLD Corp to C$8.00 and gave the company a sector perform rating in a research note on Thursday, June 8th. TD Securities raised their price target on shares of IAMGOLD Corp from C$8.00 to C$8.50 and gave the company a buy rating in a research note on Wednesday, June 7th. CIBC raised their price target on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research note on Wednesday, June 7th. Finally, BMO Capital Markets restated a market perform rating and issued a C$5.00 price target on shares of IAMGOLD Corp in a research note on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. IAMGOLD Corp has a consensus rating of Buy and an average target price of C$7.61.
IAMGOLD Corp (IMG) opened at 6.74 on Thursday. IAMGOLD Corp has a 12 month low of $4.18 and a 12 month high of $7.65. The firm’s market capitalization is $3.13 billion. The stock’s 50 day moving average is $6.64 and its 200-day moving average is $5.93.
In related news, insider Carol Banducci sold 45,000 shares of IAMGOLD Corp stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total transaction of C$302,400.00.
About IAMGOLD Corp
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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