IAMGOLD Corp (IMG) Price Target Raised to C$9.00

IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its target price hoisted by Raymond James Financial, Inc. to C$9.00 in a report issued on Friday morning, StockTargetPrices.com reports. Raymond James Financial, Inc. currently has a market perform rating on the mining company’s stock.

Several other equities research analysts have also weighed in on the stock. Canaccord Genuity increased their price objective on shares of IAMGOLD Corp from C$9.25 to C$9.50 in a research note on Thursday, July 27th. Scotiabank increased their price objective on shares of IAMGOLD Corp to C$8.00 and gave the stock a sector perform rating in a research note on Thursday, June 8th. BMO Capital Markets reiterated a market perform rating and set a C$5.00 price objective on shares of IAMGOLD Corp in a research note on Wednesday, June 7th. National Bank Financial increased their price objective on shares of IAMGOLD Corp from C$7.75 to C$8.50 and gave the stock an outperform rating in a research note on Thursday, July 27th. Finally, CIBC increased their price objective on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research note on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$8.25.

IAMGOLD Corp (TSE IMG) opened at 8.52 on Friday. IAMGOLD Corp has a 12-month low of $4.18 and a 12-month high of $8.87. The company’s 50 day moving average price is $7.27 and its 200-day moving average price is $6.20. The stock has a market cap of $3.96 billion and a price-to-earnings ratio of 7.77.

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In related news, insider Carol Banducci sold 45,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total transaction of C$302,400.00.

About IAMGOLD Corp

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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