Analyst Rating Update on Iamgold Corporation (IAG)

Iamgold Corporation (IAG) : 7 analysts are covering Iamgold Corporation (IAG) and their average rating on the stock is 3.14, which is read as a Hold. Iamgold Corporation (IAG) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Iamgold Corporation (IAG) : The consensus price target for Iamgold Corporation (IAG) is $3.78 for the short term with a standard deviation of $1.86. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $7, however, the pessimist price target for the company is $2.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Paradigm Capital, upgrades their rating on the shares of Iamgold Corporation (NYSE:IAG). Paradigm Capital has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 18, 2016.


Iamgold Corporation (NYSE:IAG): The stock opened at $5.27 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.30 for the day. The stock traded down to $5.15 during the day, due to lack of any buying support eventually closed down at $5.28 with a loss of -0.38% for the day. The stock had closed at $5.30 on the previous day. The total traded volume was 10,377,951 shares.

IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. The Company holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America. The Companys 90% owned Essakane Gold Mine mine is located in the Burkina Faso, West Africa. The Company holds 40% interest in the Sadiola Gold Mine, which is located in the Mali, North Western Africa. It also holds 40% interest in the Yatela Gold Mine, which is located in the Mali, North Western Africa. The Company also holds Greenfield exploration projects, which include the Boto Gold Project, the Siribaya exploration project and the Monster Lake project.

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