Does IAMGOLD Corp Have Any Gas After Today’s Huge Decline?

 Does IAMGOLD Corp Have Any Gas After Today's Huge Decline?

The stock of IAMGOLD Corp (TSE:IMG) is a huge mover today! About 3.85 million shares traded hands or 4.62% up from the average. IAMGOLD Corp (TSE:IMG) has risen 92.39% since March 29, 2016 and is uptrending. It has outperformed by 89.86% the S&P500.
The move comes after 5 months negative chart setup for the $2.48 billion company. It was reported on Nov, 2 by Barchart.com. We have $4.89 PT which if reached, will make TSE:IMG worth $198.40M less.

IAMGOLD Corp (TSE:IMG) Ratings Coverage

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 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Friday, February 19 by Mackie. The stock has “Underperform” rating given by RBC Capital Markets on Friday, January 29. Canaccord Genuity upgraded IAMGOLD Corp (TSE:IMG) rating on Thursday, August 6. Canaccord Genuity has “Hold” rating and $2 price target.

More news for IAMGOLD Corp (TSE:IMG) were recently published by: Fool.ca, which released: “How Baytex Energy Corp. and IAMGOLD Corp. Will React to the TSX Slump” on October 30, 2016. Business.Financialpost.com‘s article titled: “Iamgold Corp may lose some ‘torque status’ due to operational improvements” and published on October 19, 2016 is yet another important article.

IAMGOLD Corporation is engaged in the exploration, development and production of mineral resource properties across the world. The company has a market cap of $2.48 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.

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