Iamgold Corporation (IAG) Receives ‘Analyst’ Rating

Iamgold Corporation (IAG) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Iamgold Corporation (IAG). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Iamgold Corporation (IAG) : The highest short term price target forecast on Iamgold Corporation (IAG) is $7 and the lowest target price is $2. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $5.01 with a standard deviation of $1.89.


Also, RBC Capital upgrades its view on Iamgold Corporation (NYSE:IAG) according to the research report released by the firm to its investors. The shares have now been rated Sector Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Sector Underperform. The rating by the firm was issued on August 8, 2016.

Iamgold Corporation (NYSE:IAG): The stock opened in the green at $4.2 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $4.255 and a low of $4.042 for the day. The stock did not find buyers even at the lows and closed at $4.15 recording a loss of -0.95%. 10,113,820 shares exchanged hands during the trading day. The stock had closed at $4.19 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.