IAMGOLD Corp (TSE:IMG) (NYSE:IAG) has been assigned an average rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$8.47.
IMG has been the subject of a number of research reports. Desjardins restated a “buy” rating on shares of IAMGOLD in a research note on Monday, December 11th. Canaccord Genuity lifted their target price on IAMGOLD from C$9.00 to C$10.50 in a research note on Friday, January 19th. Finally, National Bank Financial lifted their price target on IAMGOLD from C$10.25 to C$11.00 in a report on Friday, January 26th.
In related news, insider Jeffery Alexander Snow sold 15,524 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total transaction of C$121,863.40. Also, Director Stephen Joseph James Letwin sold 133,825 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total value of C$1,050,526.25.
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IAMGOLD Company Profile
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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