IAMGOLD Corp’s Trend Down, Especially After Today’s Weak Session


The stock of IAMGOLD Corp (TSE:IMG) is a huge mover today! About 3.38 million shares traded hands. IAMGOLD Corp (TSE:IMG) has risen 122.87% since February 5, 2016 and is uptrending. It has outperformed by 106.38% the S&P500.
The move comes after 9 months negative chart setup for the $2.73 billion company. It was reported on Sep, 13 by Barchart.com. We have $4.95 PT which if reached, will make TSE:IMG worth $218.40M less.

Out of 4 analysts covering Iamgold Corp (TSE:IMG), 0 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 0 are positive. Iamgold Corp has been the topic of 5 analyst reports since January 29, 2016 according to StockzIntelligence Inc.

IAMGOLD Corporation is engaged in the exploration, development and production of mineral resource properties across the world. The company has a market cap of $2.73 billion. Through its holdings, IAMGOLD has interests in various activities and exploration properties, as well as various royalty interests on mineral resource properties. It currently has negative earnings. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply