National Bank Financial upgraded shares of IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) from a hold rating to a strong-buy rating in a research note released on Wednesday morning, Zacks.com reports.
IMG has been the subject of a number of other research reports. Royal Bank of Canada cut shares of IAMGOLD from a moderate buy rating to a hold rating in a research note on Tuesday, September 10th. National Bankshares upgraded shares of IAMGOLD from a sector perform rating to an outperform rating and lifted their target price for the company from C$8.50 to C$11.00 in a research note on Thursday. Finally, Canaccord Genuity Group lifted their target price on shares of IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, IAMGOLD has an average rating of Moderate Buy and an average price target of C$6.12.
Read Our Latest Stock Report on IAMGOLD
IAMGOLD Stock Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last posted its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.10. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. The company had revenue of C$527.18 million during the quarter. Research analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total value of C$99,206.80. Company insiders own 0.10% of the company’s stock.
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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