Stock of The Day: Will IAMGOLD Corp (USA) Go Down Anytime Soon?

Stock of The Day: Will IAMGOLD Corp (USA) Go Down Anytime Soon?

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! About 6.52M shares traded hands. IAMGOLD Corp (USA) (NYSE:IAG) has risen 61.23% since March 16, 2016 and is uptrending. It has outperformed by 55.69% the S&P500.
The move comes after 5 months positive chart setup for the $1.83B company. It was reported on Oct, 19 by We have $5.03 PT which if reached, will make NYSE:IAG worth $585.60 million more.

Analysts await IAMGOLD Corp (USA) (NYSE:IAG) to report earnings on November, 1. They expect $0.03 EPS, up 125.00% or $0.15 from last year’s $-0.12 per share. IAG’s profit will be $14.41 million for 31.75 P/E if the $0.03 EPS becomes a reality. After $0.01 actual EPS reported by IAMGOLD Corp (USA) for the previous quarter, Wall Street now forecasts 200.00% EPS growth.

IAMGOLD Corp (USA) (NYSE:IAG) Ratings Coverage

Out of 11 analysts covering Iamgold Corp (NYSE:IAG), 2 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 18% are positive. Iamgold Corp has been the topic of 19 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Monday, July 18, the company rating was upgraded by Paradigm Research. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has “Sell” rating given on Wednesday, October 21 by Canaccord Genuity. HSBC downgraded the stock to “Reduce” rating in Monday, October 26 report. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Neutral” rating by Credit Suisse on Thursday, August 18. Morgan Stanley reinitiated the shares of IAG in a report on Wednesday, November 25 with “Underweight” rating. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, February 12. Mackie downgraded the shares of IAG in a report on Friday, February 19 to “Sell” rating. The firm earned “Underperform” rating on Wednesday, May 18 by Howard Weil. The company was downgraded on Friday, July 24 by Raymond James. On Friday, July 24 the stock rating was initiated by IBC with “Underperform”.

According to Zacks Investment Research, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America.”

Another recent and important IAMGOLD Corp (USA) (NYSE:IAG) news was published by which published an article titled: “Iamgold Corp may lose some ‘torque status’ due to operational improvements” on October 19, 2016.

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.


Related posts

Leave a Comment