Stock Mover of The Day: What’s in IAMGOLD Corp (USA) After Today’s Big Decline?

Stock Mover of The Day: What's in IAMGOLD Corp (USA) After Today's Big Decline?

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! The stock decreased 3.04% or $0.12 on November 16, hitting $3.83. About 6.80M shares traded hands. IAMGOLD Corp (USA) (NYSE:IAG) has risen 47.94% since April 14, 2016 and is uptrending. It has outperformed by 43.25% the S&P500.
The move comes after 6 months negative chart setup for the $1.82 billion company. It was reported on Nov, 16 by Barchart.com. We have $3.56 PT which if reached, will make NYSE:IAG worth $127.40 million 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. As per Friday, July 24, the company rating was downgraded by Raymond James. The company was downgraded on Wednesday, May 18 by Howard Weil. The firm has “Buy” rating given on Tuesday, November 8 by TD Securities. The firm earned “Hold” rating on Tuesday, November 24 by HSBC. Mackie downgraded IAMGOLD Corp (USA) (NYSE:IAG) on Friday, February 19 to “Sell” rating. Canaccord Genuity upgraded the stock to “Sell” rating in Thursday, August 6 report. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has “Market Perform” rating given on Thursday, January 21 by Raymond James. HSBC downgraded the stock to “Reduce” rating in Monday, October 26 report. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, February 12. The rating was initiated by Credit Suisse on Thursday, August 18 with “Neutral”.

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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