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 last Friday at $2.57.
Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, IAMGOLD, and Barrick Gold. According to TipRanks, Jakusconek has an average return of -9.8% and a 33.33% success rate on recommended stocks.
IAMGOLD has an analyst consensus of Moderate Buy, with a price target consensus of $2.96, implying a 15.18% upside from current levels. In a report released on February 13, RBC Capital also maintained a Hold rating on the stock with a $3.00 price target.
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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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