Iamgold Corporation (IAG) – Investment Analysts’ Weekly Ratings Changes

Iamgold Corporation (NYSE: IAG) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – Iamgold Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 8/1/2017 – Iamgold Corporation had its price target raised by analysts at Scotiabank from $5.75 to $6.25. They now have a “sector perform” rating on the stock.
  • 8/1/2017 – Iamgold Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.00 price target on the stock. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 7/28/2017 – Iamgold Corporation had its price target lowered by analysts at Royal Bank Of Canada from $6.50 to $6.00. They now have a “sector perform” rating on the stock.
  • 7/18/2017 – Iamgold Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 7/18/2017 – Iamgold Corporation was given a new $6.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 7/17/2017 – Iamgold Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $5.75 price target on the stock. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 7/12/2017 – Iamgold Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 6/30/2017 – Iamgold Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 6/21/2017 – Iamgold Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $5.75 price target on the stock. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 6/15/2017 – Iamgold Corporation had its “market perform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $6.00 price target on the stock.
  • 6/14/2017 – Iamgold Corporation was given a new $6.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.

Iamgold Corporation (IAG) traded up 0.38% during mid-day trading on Wednesday, hitting $5.30. 2,017,869 shares of the company’s stock were exchanged. The stock’s market capitalization is $2.46 billion. The firm has a 50 day moving average of $5.15 and a 200 day moving average of $4.49. Iamgold Corporation has a 52 week low of $3.14 and a 52 week high of $5.87.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Tuesday, May 9th. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $260.50 million for the quarter, compared to the consensus estimate of $264.54 million. Iamgold Corporation had a negative net margin of 1.80% and a positive return on equity of 1.63%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. Equities analysts forecast that Iamgold Corporation will post $0.04 earnings per share for the current fiscal year.

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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