Price Action To Observe: Could IAMGOLD Corp (USA) Gain Strenght? The Stock Reaches 52 Week Low

Price Action To Observe: Could IAMGOLD Corp (USA) Gain Strenght? The Stock Reaches 52 Week Low

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! About 11.25M shares traded hands or 28.57% up from the average. IAMGOLD Corp (USA) (NYSE:IAG) has risen 72.62% since April 8, 2016 and is uptrending. It has outperformed by 66.97% the S&P500.
The move comes after 9 months negative chart setup for the $1.77 billion company. It was reported on Nov, 10 by Barchart.com. We have $3.53 PT which if reached, will make NYSE:IAG worth $159.30M less.

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

Out of 12 analysts covering Iamgold Corp (NYSE:IAG), 4 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 33% are positive. Iamgold Corp has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Morgan Stanley reinitiated IAMGOLD Corp (USA) (NYSE:IAG) on Wednesday, November 25 with “Underweight” rating. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has “Neutral” rating given on Thursday, August 18 by Credit Suisse. The rating was upgraded by Canaccord Genuity on Wednesday, October 19 to “Buy”. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Sector Performer” rating by IBC on Monday, June 27. The company was upgraded on Tuesday, November 8 by TD Securities. Raymond James downgraded IAMGOLD Corp (USA) (NYSE:IAG) on Friday, July 24 to “Underperform” rating. Howard Weil downgraded the shares of IAG in a report on Wednesday, May 18 to “Underperform” rating. The firm earned “Hold” rating on Tuesday, November 24 by HSBC. The rating was downgraded by HSBC to “Reduce” on Monday, October 26. The company was initiated on Friday, July 24 by IBC.

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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