IAMGOLD Co. (TSE:IMG – Get Free Report) (NYSE:IAG) shares shot up 5.9% during trading on Friday . The stock traded as high as C$7.49 and last traded at C$7.48. 312,646 shares changed hands during trading, a decline of 79% from the average session volume of 1,518,916 shares. The stock had previously closed at C$7.06.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. National Bankshares raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$8.50 to C$11.00 in a research report on Thursday, October 10th. Finally, National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$6.12.
Get Our Latest Analysis on IMG
IAMGOLD Stock Up 12.3 %
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last issued its earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.10. The company had revenue of C$527.18 million for the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. On average, equities analysts anticipate that IAMGOLD Co. will post 1.1121076 EPS for the current year.
Insider Activity at IAMGOLD
In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. 0.10% of the stock is currently owned by corporate insiders.
About IAMGOLD
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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