Canaccord Genuity reissued their sector perform rating on shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) in a research note issued to investors on Thursday. They currently have a C$5.75 price target on the mining company’s stock, down from their previous price target of C$7.00.
Several other brokerages also recently issued reports on IMG. Scotiabank raised their price target on IAMGOLD Corp from C$7.00 to C$7.50 and gave the company a buy rating in a report on Thursday. TD Securities raised IAMGOLD Corp from a hold rating to a buy rating and raised their price target for the company from C$7.00 to C$7.50 in a report on Tuesday, November 8th. Finally, National Bank Financial raised IAMGOLD Corp from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of C$5.06.
Shares of IAMGOLD Corp (TSE:IMG) opened at 4.74 on Thursday. The firm’s market cap is $2.14 billion. IAMGOLD Corp has a 52 week low of $1.66 and a 52 week high of $7.65. The stock has a 50 day moving average of $5.09 and a 200 day moving average of $5.40.