In a report released on April 19, Wayne Lam from RBC Capital maintained a Hold rating on IAMGOLD (IAG – Research Report), with a price target of $3.00. The company’s shares closed yesterday at $3.49.
Lam covers the Basic Materials sector, focusing on stocks such as IAMGOLD, Torex Gold Resources, and Equinox Gold. According to TipRanks, Lam has an average return of -2.3% and a 54.02% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IAMGOLD with a $3.56 average price target, representing a 2.01% upside. In a report released on April 19, Stifel Nicolaus also maintained a Hold rating on the stock with a C$5.25 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
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
