Brokerage Firm Rating on Iamgold Corporation (IAG)

Iamgold Corporation (IAG) : The consensus on Iamgold Corporation (IAG) based on 6 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Iamgold Corporation (IAG).

Iamgold Corporation (IAG) : Average target price received by Iamgold Corporation (IAG) is $4.53 with an expected standard deviation of $1.91. The most aggressive target on the stock is $7, whereas the most downbeat target is $2. 6 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Iamgold Corporation (NYSE:IAG): The stock opened at $5.18 on Thursday but the bulls could not build on the opening and the stock topped out at $5.28 for the day. The stock traded down to $5.05 during the day, due to lack of any buying support eventually closed down at $5.08 with a loss of -1.36% for the day. The stock had closed at $5.15 on the previous day. The total traded volume was 15,773,277 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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