IAMGOLD Corp (TSE:IMG) (NYSE:IAG) has received an average rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$8.53.
IMG has been the subject of several research analyst reports. National Bank Financial reduced their price target on shares of IAMGOLD from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Desjardins reiterated a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Finally, Canaccord Genuity upped their price target on shares of IAMGOLD from C$9.00 to C$10.50 in a report on Friday, January 19th.
In related news, insider Benjamin Richard Little sold 13,476 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of C$6.61, for a total transaction of C$89,076.36. Also, Director Stephen Joseph James Letwin sold 133,825 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total transaction of C$1,050,526.25. Insiders have sold 162,825 shares of company stock valued at $1,261,466 in the last 90 days.
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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