IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) had its target price boosted by Canaccord Genuity Group from C$3.75 to C$5.50 in a report published on Tuesday morning, BayStreet.CA reports.
Several other analysts also recently issued reports on IMG. Stifel Nicolaus boosted their price target on IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. National Bankshares boosted their price target on IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th. Bank of America boosted their price target on IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Finally, National Bank Financial reiterated a sector perform spec overwgt rating on shares of IAMGOLD in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of C$4.99.
IAMGOLD Stock Up 2.2 %
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last posted its earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. The business had revenue of C$405.19 million for the quarter. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. Equities research analysts expect that IAMGOLD will post 0.0746963 earnings per share for the current fiscal year.
About IAMGOLD
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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