IAMGOLD Corp (IMG) Given Consensus Recommendation of “Buy” by Brokerages

IAMGOLD Corp (TSE:IMG) (NYSE:IAG) has been given an average rating of “Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$8.53.

Several brokerages have recently weighed in on IMG. National Bank Financial dropped their price objective on shares of IAMGOLD from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Canaccord Genuity increased their price objective on shares of IAMGOLD from C$10.50 to C$11.50 in a research report on Thursday, February 22nd. Finally, Desjardins reissued a “buy” rating on shares of IAMGOLD in a research report on Monday, December 11th.

In related news, insider Benjamin Richard Little sold 13,476 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of C$6.61, for a total transaction of C$89,076.36. Also, Director Stephen Joseph James Letwin sold 133,825 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total transaction of C$1,050,526.25. Insiders sold 162,825 shares of company stock worth $1,261,466 over the last three months.

IAMGOLD (TSE IMG) opened at C$6.53 on Friday. The firm has a market cap of $3,040.00, a PE ratio of 4.73 and a beta of -0.65. IAMGOLD has a 1 year low of C$4.54 and a 1 year high of C$8.87.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/03/18/iamgold-corp-img-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Analyst Recommendations for IAMGOLD (TSE:IMG)

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