Zacks Investment Research downgraded IAMGOLD Corp (USA) (NYSE:IAG) to Hold in a report released today.
- Updated: October 10, 2016
Zacks Investment Research has downgraded IAMGOLD Corp (USA) (NYSE:IAG) to Hold in a report released on 10/11/2016.
Previously on Thursday August 18, 2016, Credit Suisse Group AG released a statement about IAMGOLD Corp (USA) (NYSE:IAG) increased the target price from $0.00 to $5.25. At the time, this indicated a possible upside of 0.15%.
Just yesterday IAMGOLD Corp (USA) (NYSE:IAG) traded 2.74% higher at $3.37. IAMGOLD Corp (USA)’s 50-day moving average is $4.01 and its 200-day moving average is $3.91. The last stock price is down -13.73% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,732,945 shares of IAG traded hands, down from an average trading volume of 12,719,000
Recent Performance Chart
IAMGOLD Corp (USA) has 52 week low of $1.15 and a 52 week high of $5.87 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 14 brokerages have issued a research note on the company. The average stock price target is $3.55 with 0 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 6 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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, the Company also conducts greenfields exploration program on selected projects in West Africa and the Americas.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.