What’s Ahead for IAMGOLD Corp After Today’s Huge Increase?

 What's Ahead for IAMGOLD Corp After Today's Huge Increase?

The stock of IAMGOLD Corp (TSE:IMG) is a huge mover today! About 1.64 million shares traded hands. IAMGOLD Corp (TSE:IMG) has risen 91.16% since April 1, 2016 and is uptrending. It has outperformed by 89.20% the S&P500.
The move comes after 9 months positive chart setup for the $2.52B company. It was reported on Nov, 8 by Barchart.com. We have $8.32 PT which if reached, will make TSE:IMG worth $1.01 billion more.

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. $7 is the highest target while $2 is the lowest. The $4.89 average target is -17.68% below today’s ($5.94) stock price. Iamgold Corp has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, January 29 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, August 6 by Canaccord Genuity. The firm has “Sell” rating by Mackie given on Friday, February 19.

More news for IAMGOLD Corp (TSE:IMG) were recently published by: Business.Financialpost.com, which released: “Iamgold Corp may lose some ‘torque status’ due to operational improvements” on October 19, 2016. Fool.ca‘s article titled: “How Baytex Energy Corp. and IAMGOLD Corp. Will React to the TSX Slump” and published on October 30, 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 $2.52 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.

Tags: , ,

Related posts

Leave a Comment