IAMGOLD Corp (IMG) Trading Up 9%
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) was up 9% on Wednesday . The stock traded as high as C$7.55 and last traded at C$8.01. Approximately 2,515,387 shares traded hands during trading, an increase of 80% from the average daily volume of 1,400,000 shares. The stock had previously closed at C$7.35.
Several equities research analysts have weighed in on IMG shares. Canaccord Genuity upped their target price on IAMGOLD Corp from C$9.25 to C$9.50 in a research note on Thursday, July 27th. National Bank Financial upped their price target on shares of IAMGOLD Corp from C$7.75 to C$8.50 and gave the stock an “outperform” rating in a report on Thursday, July 27th. TD Securities upped their price target on shares of IAMGOLD Corp from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets reiterated an “outperform” rating and set a C$7.50 price target on shares of IAMGOLD Corp in a report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. upped their price target on shares of IAMGOLD Corp to C$9.00 and gave the stock a “market perform” rating in a report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$8.13.
In other news, insider Craig Stephen Macdougall sold 14,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$8.27, for a total transaction of C$115,780.00. Insiders have sold 17,500 shares of company stock valued at $144,355 over the last quarter.
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IAMGOLD Corp Company Profile
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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