IAMGOLD (IMG) Trading Up -0.2%
IAMGOLD Co. (TSE:IMG) (NYSE:IAG) was up 0.2% during mid-day trading on Monday . The company traded as high as C$6.60 and last traded at C$6.50. Approximately 1,326,105 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 2,304,662 shares. The stock had previously closed at C$6.51.
A number of equities research analysts recently issued reports on IMG shares. BMO Capital Markets restated an “outperform” rating and issued a C$7.50 price objective on shares of IAMGOLD in a research note on Wednesday, September 6th. Canaccord Genuity lowered their price objective on IAMGOLD from C$9.50 to C$8.75 in a research note on Friday, October 20th. Raymond James Financial boosted their price objective on IAMGOLD to C$9.00 and gave the company a “market perform” rating in a research note on Friday, September 8th. National Bank Financial lowered their price objective on IAMGOLD from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Thursday, September 14th. Finally, TD Securities lowered their price objective on IAMGOLD from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research note on Thursday, September 7th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. IAMGOLD presently has a consensus rating of “Buy” and an average 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 dated Thursday, September 28th. The stock was sold at an average price of C$8.27, for a total transaction of C$115,780.00.
IAMGOLD 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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