Today’s Stock On Watch: A Reversal for IAMGOLD Corp (USA) Is Not Near. The Stock Rises Again

Today's Stock On Watch: A Reversal for IAMGOLD Corp (USA) Is Not Near. The Stock Rises Again

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! About 6.66M shares traded hands. IAMGOLD Corp (USA) (NYSE:IAG) has risen 84.65% since April 5, 2016 and is uptrending. It has outperformed by 82.69% the S&P500.
The move comes after 7 months positive chart setup for the $1.84B company. It was reported on Nov, 8 by Barchart.com. We have $6.58 PT which if reached, will make NYSE:IAG worth $956.80 million more.

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

Out of 11 analysts covering Iamgold Corp (NYSE:IAG), 3 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 27% are positive. Iamgold Corp has been the topic of 20 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Raymond James to “Market Perform” on Thursday, January 21. The rating was downgraded by Raymond James on Friday, July 24 to “Underperform”. Mackie downgraded IAMGOLD Corp (USA) (NYSE:IAG) on Friday, February 19 to “Sell” rating. Credit Suisse initiated IAMGOLD Corp (USA) (NYSE:IAG) on Thursday, August 18 with “Neutral” rating. HSBC upgraded IAMGOLD Corp (USA) (NYSE:IAG) on Tuesday, November 24 to “Hold” rating. The rating was upgraded by Canaccord Genuity on Wednesday, October 19 to “Buy”. Howard Weil downgraded the shares of IAG in a report on Wednesday, May 18 to “Underperform” rating. Canaccord Genuity upgraded the stock to “Sell” rating in Thursday, August 6 report. IBC upgraded the stock to “Sector Performer” rating in Monday, June 27 report. As per Wednesday, October 21, the company rating was downgraded by Canaccord Genuity.

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 Fool.ca which published an article titled: “How Baytex Energy Corp. and IAMGOLD Corp. Will React to the TSX Slump” on October 30, 2016.

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