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RBC Capital Markets disclosed Iamgold Corp (TSE:IMG), hiking its price target to $8.00 earlier today

Reporting a potential upside of 0.18%, RBC Capital Markets upped the price target of Iamgold Corp (TSE:IMG) to $8.00

On Wednesday June 07, 2017, BMO Capital Markets released a statement on Iamgold Corp (TSE:IMG) upped the target price from $0.00 to $5.00 that suggested a downside of -0.25%.

Having a price of $6.78, Iamgold Corp (TSE:IMG) traded 0.78% higher on the day. With the last close up 17.02% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. IMG has recorded a 50-day average of $7.98 and a two hundred day average of $6.66. Trade Volume was down over the average, with 1,479,291 shares of IMG changing hands under the typical 1,628,630

Recent Performance Chart

Iamgold Corp (TSE:IMG)

Iamgold Corp has 52 week low of $4.24 and a 52 week high of $8.87 with a P/E ratio of 7.10 and has a market cap of $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is $5.06 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Iamgold Corp (TSE:IMG)

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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