A statement released earlier today by Credit Suisse Group AG about IAMGOLD Corp (USA) (NYSE:IAG) bumps the target price to $5.25
- Updated: September 17, 2016
Having a price of $4.58, IAMGOLD Corp (USA) (NYSE:IAG) traded 3.86% lower on the day. With the last close up 8.72% from the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the same time period. IAG has been tracking to a 50-day moving average of $4.64 and 200-day moving average of $3.67. Trading volume was was up over the average, with 32,492,785 shares of IAG changing hands over the typical 13,118,200 shares.
Credit Suisse Group AG upped the estimated target of IAMGOLD Corp (USA) (NYSE:IAG) to $5, reporting a possible upside of 0.15%,
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In addition to Credit Suisse Group AG reporting it’s stock price target, a total of 14 brokers have issued a report on IAMGOLD Corp (USA). The one year target price is $3.55 with 0 rating the company a strong buy, two analysts rating the company a buy, six analysts rating the stock a hold, six firms rating the company to underperform, and lastly one firm rating the stock as sell.
IAMGOLD Corp (USA) has a 52 week low of $1.15 and a 52 week high of $5.87 and has a total market value of $0.0.
About IAMGOLD Corp (USA) (NYSE:IAG)
IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe. The Company’s mining activities in Canada include Doyon Division with Westwood Mine in Quebec and Cote Gold Project development project in Ontario. Its mining activities in Africa include Burkina Faso- Essakane mine and Mali – Sadiola Mine, and in South America include Suriname – Rosebel Mine. In addition to the mine site and development programs, and the Company also conducts greenfields exploration program on selected projects in West Africa and the Americas.
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