IAMGOLD Corp Stock Is Crashing Now

 IAMGOLD Corp Stock Is Crashing Now

The stock of IAMGOLD Corp (TSE:IMG) is a huge mover today! About 1.49 million shares traded hands. IAMGOLD Corp (TSE:IMG) has risen 48.48% since April 8, 2016 and is uptrending. It has outperformed by 43.49% the S&P500.
The move comes after 7 months negative chart setup for the $2.04B company. It was reported on Nov, 14 by Barchart.com. We have $4.46 PT which if reached, will make TSE:IMG worth $142.80 million less.

IAMGOLD Corp (TSE:IMG) Ratings Coverage

Out of 5 analysts covering Iamgold Corp (TSE:IMG), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Iamgold Corp has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Underperform” rating on Friday, January 29 by RBC Capital Markets. The firm earned “Sector Perform” rating on Tuesday, November 8 by Scotia Capital. The firm has “Buy” rating given on Tuesday, November 8 by TD Securities. Canaccord Genuity upgraded IAMGOLD Corp (TSE:IMG) rating on Thursday, August 6. Canaccord Genuity has “Hold” rating and $2 price target. The stock of IAMGOLD Corp (TSE:IMG) earned “Sell” rating by Mackie on Friday, February 19.

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

IAMGOLD Corporation is engaged in the exploration, development and production of mineral resource properties across the world. The company has a market cap of $2.04 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