Rating To Observe: IAMGOLD Corporation (TSE:IMG) Had Its Target Price per Share Raises by Equity Research Analysts at Scotia Capital to $7.50

November 24, 2016 - By Peter Kolinski

IAMGOLD Corporation (TSE:IMG) Target Upped

In a research note released by Scotia Capital on Thursday morning, IAMGOLD Corporation (TSE:IMG) had its PT upped to $7.50. The firm at present has Buy rating on the stock.

IAMGOLD Corp (TSE:IMG) Ratings Coverage

Out of 5 analysts covering Iamgold Corp (TSE:IMG), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. $7.50 is the highest target while $2 is the lowest. The $5.16 average target is 7.72% above today’s ($4.79) stock price. Iamgold Corp has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of IAMGOLD Corp (TSE:IMG) has “Sell” rating given on Friday, February 19 by Mackie. Scotia Capital maintained the stock with “Sector Perform” rating in Tuesday, November 8 report. The firm earned “Buy” rating on Tuesday, November 8 by TD Securities. Canaccord Genuity upgraded IAMGOLD Corp (TSE:IMG) on Thursday, August 6 to “Hold” rating. The firm has “Underperform” rating given on Friday, January 29 by RBC Capital Markets.

About 587,937 shares traded hands. IAMGOLD Corp (TSE:IMG) has risen 29.57% since April 20, 2016 and is uptrending. It has outperformed by 24.16% the S&P500.

IAMGOLD Corporation is engaged in the exploration, development and production of mineral resource properties across the world. The company has a market cap of $2.01 billion. Through its holdings, IAMGOLD has interests in various activities and exploration properties, as well as various royalty interests on mineral resource properties. It currently has negative earnings. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.

Another recent and important IAMGOLD Corp (TSE:IMG) news was published by Fool.com which published an article titled: “IAMGOLD Corp’s Stock Surges on Explosive Cash Flow Growth” on November 08, 2016.

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