In a report released today, Ingrid Rico from Stifel Nicolaus maintained a Hold rating on IAMGOLD (IAG – Research Report), with a price target of C$5.25. The company’s shares opened today at $4.26.
According to TipRanks, Rico is a 4-star analyst with an average return of 4.1% and a 55.83% success rate. Rico covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties, Barrick Gold, and Eldorado Gold.
IAMGOLD has an analyst consensus of Moderate Buy, with a price target consensus of $3.91, a -8.22% downside from current levels. In a report released today, National Bank also maintained a Hold rating on the stock with a C$6.75 price target.
Based on IAMGOLD’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $297.6 million and a GAAP net loss of $9.4 million. In comparison, last year the company earned a revenue of $207.2 million and had a GAAP net loss of $49.5 million
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IAMGOLD (IAG) Company Description:
IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.
