IAMGOLD (IMG) Trading 7.8% Higher
Shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) traded up 7.8% during trading on Wednesday . The stock traded as high as C$7.65 and last traded at C$7.62. 1,576,533 shares traded hands during trading, an increase of 8% from the average session volume of 1,457,624 shares. The stock had previously closed at C$7.07.
Several analysts recently commented on the company. National Bank Financial dropped their price objective on IAMGOLD from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a research note on Wednesday. Canaccord Genuity dropped their price objective on IAMGOLD from C$9.50 to C$8.75 in a research note on Friday, October 20th. Finally, Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a research note on Monday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. IAMGOLD has an average rating of “Buy” and an average price target of C$8.47.
The stock has a market cap of $3,560.00, a P/E ratio of 5.54 and a beta of -0.78.
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IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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