Trade Report: Today, IAMGOLD Corp (IMG) Given Sector Perform Rating at Canaccord Genuity

Today, IAMGOLD Corp (IMG) Given Sector Perform Rating at Canaccord Genuity

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.

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