IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) had its price objective increased by Canaccord Genuity Group from C$5.50 to C$6.00 in a research report released on Tuesday, BayStreet.CA reports.
A number of other equities research analysts have also recently issued reports on the company. National Bank Financial restated a sector perform spec overwgt rating on shares of IAMGOLD in a research note on Monday, April 8th. National Bankshares upped their price target on IAMGOLD from C$6.50 to C$6.75 and gave the company a sector perform rating in a research report on Monday, May 13th. Bank of America upped their price target on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus upped their price target on IAMGOLD from C$3.00 to C$5.25 in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$5.09.
Check Out Our Latest Report on IMG
IAMGOLD Trading Down 1.8 %
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last announced its quarterly earnings data on Thursday, May 9th. The mining company reported C$0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.12. IAMGOLD had a return on equity of 6.57% and a net margin of 12.48%. The business had revenue of C$456.89 million for the quarter. As a group, research analysts anticipate that IAMGOLD will post 0.3658863 EPS for the current year.
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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