Iamgold Corporation (IAG) Receives Price Target

Iamgold Corporation (IAG) : The consensus price target for Iamgold Corporation (IAG) is $5.01 for the short term with a standard deviation of $1.89. 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.

Iamgold Corporation (IAG) has an average broker rating of 3, which is interpreted as a Hold, as rated by 6 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 considers that the stock is a Sell.


Also, RBC Capital upgrades their rating on the shares of Iamgold Corporation (NYSE:IAG). The current rating of the shares is Sector Perform. Earlier, the shares were rated a Sector Underperform by the brokerage firm. The rating by the firm was issued on August 8, 2016.

Iamgold Corporation (NYSE:IAG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.73 and $3.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.76, notching a gain of 1.62% for the day. The total traded volume was 23,816,924 . The stock had closed at $3.70 on the previous day.

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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