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Bank of America Corp upgraded IAMGOLD Corp IAG (NYSE:IAG) from Underperform to Neutral in a report released today.

Bank of America Corp has upgraded IAMGOLD Corp IAG (NYSE:IAG) from Underperform to Neutral in a report released on Wednesday May 24, 2017.

Yesterday IAMGOLD Corp IAG (NYSE:IAG) traded 2.17% higher at $4.35. The company’s 50-day moving average is $6.40 and its 200-day moving average is $5.11. The last closing price is down 19.95% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same time. 3,833,540 shares of the stock were exchanged, down from an average trading volume of 5,267,800

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IAMGOLD Corp IAG (NYSE:IAG)

IAMGOLD Corp IAG has a 52 week low of $3.16 and a 52 week high of $7.25 with a P/E ratio of 5.59 The company’s market cap is currently $0.

In addition to Bank of America Corp reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $3.55 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokers rating the stock a hold, 6 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About IAMGOLD Corp IAG (NYSE:IAG)

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents. The Company's gold mine segment is divided into geographic segments, such as Burkina Faso – Essakane mine; Suriname-Rosebel mine; Canada-Doyon division, which includes the Westwood mine and the Doyon mine, and Joint ventures (Mali)-Sadiola mine (41%) and Yatela mine (40%). The Company's non-gold segments are divided into Exploration and evaluation, and Corporate, which includes royalty interests located in Canada and investments in associates and joint ventures. In Canada, the Company owns the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario.

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