TD Securities Raises IAMGOLD Corp (IMG) Price Target to C$9.00
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its target price hoisted by research analysts at TD Securities from C$8.50 to C$9.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ target price indicates a potential upside of 33.93% from the company’s previous close.
Several other equities research analysts have also recently issued reports on IMG. National Bank Financial reissued an “outperform market weight” rating on shares of IAMGOLD Corp in a research note on Sunday, May 14th. CIBC raised their price target on IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. BMO Capital Markets restated a “market perform” rating and set a C$5.00 price target on shares of IAMGOLD Corp in a research report on Wednesday, June 7th. Royal Bank Of Canada raised their price target on IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 8th. Finally, Scotiabank raised their price target on IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$7.68.
Shares of IAMGOLD Corp (IMG) traded down 0.60% during midday trading on Thursday, hitting $6.68. The company’s stock had a trading volume of 1,215,595 shares. The firm’s market cap is $3.10 billion. IAMGOLD Corp has a 12-month low of $4.18 and a 12-month high of $7.52. The firm has a 50-day moving average of $6.63 and a 200 day moving average of $5.97.
In other news, insider Carol Banducci sold 45,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total transaction of C$302,400.00.
IAMGOLD Corp Company Profile
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Québec, Canada; and Sadiola, as well as Yatela gold mines situated in southwest Mali, West Africa.
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