Scotiabank analyst Tanya Jakusconek maintained a Hold rating on IAMGOLD (IAG – Research Report) today and set a price target of $3.25. The company’s shares closed yesterday at $2.30.
According to TipRanks, Jakusconek is an analyst with an average return of -8.9% and a 37.65% success rate. Jakusconek covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, Osisko Gold Royalties, and Compania de Minas Buenaventura SAA.
In addition to Scotiabank, IAMGOLD also received a Hold from RBC Capital’s Wayne Lam in a report issued on January 11. However, today, Bank of America Securities reiterated a Buy rating on IAMGOLD (NYSE: IAG).
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Based on IAMGOLD’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $224.5 million and a GAAP net loss of $800 thousand. In comparison, last year the company earned a revenue of $254.5 million and had a GAAP net loss of $90.3 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.
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