The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! About 3.86M shares traded hands. IAMGOLD Corp (USA) (NYSE:IAG) has risen 32.38% since April 13, 2016 and is uptrending. It has outperformed by 28.46% the S&P500.
The move comes after 9 months positive chart setup for the $1.82B company. It was reported on Nov, 15 by Barchart.com. We have $5.12 PT which if reached, will make NYSE:IAG worth $582.40M more.
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. The firm earned “Underweight” rating on Wednesday, November 25 by Morgan Stanley. On Friday, February 19 the stock rating was downgraded by Mackie to “Sell”. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has “Underperform” rating given on Friday, July 24 by Raymond James. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has “Market Perform” rating given on Thursday, January 21 by Raymond James. Credit Suisse initiated the shares of IAG in a report on Thursday, August 18 with “Neutral” rating. HSBC downgraded the stock to “Reduce” rating in Monday, October 26 report. As per Thursday, August 6, the company rating was upgraded by Canaccord Genuity. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, February 12. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Hold” rating by HSBC on Tuesday, November 24. The rating was upgraded by Paradigm Research to “Buy” on Monday, July 18.
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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