In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, IAMGOLD Corp (IMG). Analyst Carey MacRury from Canaccord Genuity reiterated a Hold rating, with a C$8.50 price target today.
According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.6% and a 37.4% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
IAMGOLD Corp has an analyst consensus of Moderate Buy, with a price target consensus of C$8.08.
The company has a one-year high of C$8.20 and a one-year low of C$3.64. Currently, IAMGOLD Corp has an average volume of 1.56M.
IAMGOLD Corp. engages in the exploration, development, and production of gold and mineral resource properties. It operates through the Gold Mine and Non-Gold segments. The Gold Mine segment deals with gold properties in Burkina Faso, Suriname, Canada, and Mali.
The company’s shares closed on Thursday at C$4.00, close to its 52-week low of C$3.64.
