Analysts' Suggestions in the Limelight: IAMGOLD Corp. (IAG)


The stock touched 52-week High of $7.25 on 09/08/17 and 52-week Low of $3.14 on 10/07/16. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. ValuEngine raised Iamgold Corporation from a "sell" rating to a "hold" rating in a research note on Thursday, August 17th. Scotiabank restated a "sector perform" rating and set a $5.75 price target on shares of Iamgold Corporation in a report on Tuesday, November 8th. Vanguard Group Inc expanded its investment by buying 24,200 shares an increase of 92.4% in the quarter. However the company reported $0.05 earnings per share for the same quarter during previous year. Average estimation for the current quarter has been provided by 10 analysts. The company now has a consensus rating of "Hold" and an average target price of $6.71. EPS long term mean growth rate estimated by 1 analysts is at 3%, whereas, the high and low Long term growth rate estimated at 3 and 3. The 50 day moving average went up by +17.68% whereas the 200 day moving average was up $2.08 or +43.84%.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its earnings results on Wednesday, August 9th.

National Bank Financial also upped its target price for IAG, from 8.5 Canadian dollars to 9.0 Canadian dollars, on September 6, 2017. They now have a Dollars 1.35 price target on the stock. Zacks Investment Research downgraded Iamgold Corporation from a "hold" rating to a "sell" rating in a report on Monday, October 17th. Commerzbank Aktiengesellschaft FI increased its stake in Iamgold Corporation by 514.8% in the second quarter. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Trading volume for Iamgold Corporation Ordinary Sh was 6,988K by the end of trading on Tuesday.

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Taking a broader look brokerage firms' analysts on the street with an expectant view have Iamgold Corp (NYSE:IAG) high price target of $9.5 and with a conservative view have low price target of $5.5. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. The business's revenue for the quarter was up 18.1% compared to the same quarter a year ago. If you are viewing this piece on another website, it was stolen and republished in violation of United States and global trademark and copyright law. Its last month's stock price volatility remained 2.8% which for the week approaches 3.42%. The legal version of this piece can be accessed at The current consensus recommendation provided by covering analysts is 2.70. Finally, AGF Investments Inc. increased its holdings in shares of Iamgold Corporation by 1,868.1% in the 2nd quarter.

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. The company owns interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Quebec, Canada; and Sadiola, as well as Yatela gold mines situated in southwest Mali, West Africa.