Shares of IAMGOLD Co. (TSE:IMG – Get Free Report) (NYSE:IAG) have received an average recommendation of “Moderate Buy” from the four brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$5.03.
A number of equities research analysts recently weighed in on IMG shares. Canaccord Genuity Group lifted their price objective on shares of IAMGOLD from C$5.50 to C$6.00 in a report on Tuesday, July 23rd. National Bankshares lifted their price target on shares of IAMGOLD from C$6.50 to C$6.75 and gave the company a “sector perform” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada raised IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 8th.
View Our Latest Analysis on IMG
IAMGOLD Stock Up 2.8 %
IAMGOLD Company Profile
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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