Shares of Iamgold Corp (TSE:IMG) (NYSE:IAG) fell 11.4% during mid-day trading on Wednesday . The company traded as low as C$4.17 and last traded at C$4.20. 1,236,755 shares were traded during mid-day trading, a decline of 25% from the average session volume of 1,650,292 shares. The stock had previously closed at C$4.74.
A number of research firms have issued reports on IMG. Canaccord Genuity decreased their target price on Iamgold from C$10.50 to C$9.25 in a research report on Thursday, October 18th. CSFB reiterated a “neutral” rating on shares of Iamgold in a research report on Wednesday, September 26th. BMO Capital Markets reiterated a “buy” rating on shares of Iamgold in a research report on Monday, December 17th. Credit Suisse Group reiterated a “hold” rating on shares of Iamgold in a research report on Wednesday, December 12th. Finally, TD Securities reduced their price target on Iamgold from C$10.50 to C$10.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Iamgold presently has an average rating of “Hold” and an average price target of C$8.13.
The company has a current ratio of 4.31, a quick ratio of 3.27 and a debt-to-equity ratio of 13.81.
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Iamgold Company Profile (TSE:IMG)
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.
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