What’s Next for IAMGOLD Corp After Today’s Huge Decline?

 What's Next for IAMGOLD Corp After Today's Huge Decline?

The stock of IAMGOLD Corp (TSE:IMG) is a huge mover today! About 209,066 shares traded hands. IAMGOLD Corp (TSE:IMG) has risen 29.57% since April 20, 2016 and is uptrending. It has outperformed by 24.16% the S&P500.
The move comes after 5 months negative chart setup for the $2.00B company. It was reported on Nov, 24 by Barchart.com. We have $4.47 PT which if reached, will make TSE:IMG worth $120.00M 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 rating was downgraded by Mackie on Friday, February 19 to “Sell”. The stock has “Sector Perform” rating given by Scotia Capital on Tuesday, November 8. On Tuesday, November 8 the stock rating was upgraded by TD Securities to “Buy”. The firm has “Hold” rating given on Thursday, August 6 by Canaccord Genuity. The stock of IAMGOLD Corp (TSE:IMG) has “Underperform” rating given on Friday, January 29 by RBC Capital Markets.

Another recent and important IAMGOLD Corp (TSE:IMG) news was published by Fool.com which published an article titled: “IAMGOLD Corp’s Stock Surges on Explosive Cash Flow Growth” on November 08, 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 $2.00 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.

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