Iamgold (IMG) Trading Down 11.4%

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.

Iamgold (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Tuesday, November 6th. The mining company reported C($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C($0.01). The business had revenue of C$319.93 million for the quarter. As a group, research analysts forecast that Iamgold Corp will post 0.0900000036885247 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://sportsperspectives.com/2019/01/18/iamgold-img-trading-down-11-4.html.

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.

Featured Story: What does RSI mean?

Receive News & Ratings for Iamgold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply