Iamgold (IMG) Price Target Cut to C$9.25

Iamgold (TSE:IMG) (NYSE:IAG) had its price target dropped by analysts at Canaccord Genuity from C$10.50 to C$9.25 in a research report issued on Thursday. Canaccord Genuity’s price objective would suggest a potential upside of 77.54% from the company’s previous close.

A number of other equities research analysts have also commented on IMG. National Bank Financial dropped their target price on Iamgold from C$10.00 to C$9.75 in a research report on Saturday, July 14th. CSFB reiterated a “neutral” rating on shares of Iamgold in a research report on Wednesday, September 26th.

Shares of IMG stock opened at C$5.21 on Thursday. Iamgold has a fifty-two week low of C$4.65 and a fifty-two week high of C$8.20.

Iamgold (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings results on Wednesday, August 8th. The mining company reported C$0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.01 by C$0.03. Iamgold had a negative return on equity of 2.54% and a negative net margin of 5.81%. The business had revenue of C$358.02 million for the quarter.

In other news, Director Ronald Peter Gagel bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were purchased at an average price of C$4.90 per share, for a total transaction of C$49,000.00. Also, Director Sybil Elsa Veenman bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was purchased at an average price of C$6.40 per share, for a total transaction of C$32,000.00.

Iamgold 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 interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

See Also: What is a stock split?

Receive News & Ratings for Iamgold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply