Zacks Investment Research downgraded IAMGOLD Corp (USA) (NYSE:IAG) to Sell in a statement released earlier today.
- Updated: October 17, 2016
Just yesterday IAMGOLD Corp (USA) (NYSE:IAG) traded 1.78% higher at $3.48. IAMGOLD Corp (USA)’s 50-day moving average is $3.90 and its 200-day moving average is $3.94. With the last close down -12.89% relative to the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. 6,857,170 shares of IAMGOLD Corp (USA) exchanged hands, down from an avg. trading volume of 12,664,700
Zacks Investment Research has downgraded IAMGOLD Corp (USA) (NYSE:IAG) to Sell in a statement released on 10/17/2016.
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IAMGOLD Corp (USA) has with a one year low of $1.15 and a one year high of $5.87 and has a total market value of $0.
A total of 14 firms have reported on the company. 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokerages rating the company a hold, six brokerages rating the company a underperform, and finally 1 brokerage rating the stock a sell with a average stock price target of $3.55.
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.
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