IAMGOLD (TSE:IMG) (NYSE:IAG) received a C$7.50 target price from Equities research analysts at BMO Capital Markets in a study note released on early Wed. Analyst has an “outperform” recommendation on the mining firms shares. BMO Capital Markets’ target price points a possible drop of 12.49% from prior close.
IAMGOLD (TSE:IMG) declined 3.15% on early Wed, reaching $8.30. 2,588,095 stocks of the firms shares were exchanged. The stock’s 50 day SMA is $7.09 and its 200 day SMA is $6.15. Valuation of the business is $3.86 B and a PE book ratio of 7.57. IAMGOLD has a 1 year low of $4.18 and a 1 year high of $8.87.
Few other brokerage firms published research study concerning the stock. Scotiabank raised their price objective on IAMGOLD to C$8.00 and issued the shares a “sector perform” recommendation in a study on Thurs, Jun 8th. National Bank Financial reissued an “outperform market weight” recommendation on stocks of IAMGOLD in a note on Sunday, May 14th. Canaccord Genuity raised their price objective on IAMGOLD from C$9.75 to C$10.00 in a note on Wed. TD Securities raised their price objective on IAMGOLD from C$8.00 to C$8.50 and issued the shares a “buy” recommendation in a study on Wed, Jun 7th. Lastly, Royal Bank Of Canada raised their price objective on IAMGOLD to C$8.00 and issued the shares a “sector perform” recommendation in a study on Thurs, Jun 8th. Two research experts recommended the company shares with a hold recommendation and four have issued a buy recommendation to The corporation. The stock currently has a average recommendation of “Buy” and an consensus price target of C$8.18.
In associated news, executive Carol Banducci unloaded 45,000 stocks of IAMGOLD shares in a trade that took place on Wed, Jun 21st. Shares were disposed in a price range of C$6.72, amounting to C$302,400.00.