In a latest note to investors, a research analyst has provided a rating update for the IAMGOLD Corp (IMG). Analyst Carey MacRury from Canaccord Genuity rated IAMGOLD Corp (IMG) a Buy yesterday, setting a C$8 price target.
According to TipRanks.com, MacRury is a 4-star analyst with an average return of 7.6% and a 63.8% 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.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IAMGOLD Corp with a C$6.79 average price target.
Based on IAMGOLD Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$45.96 million. In comparison, last year the company had a net profit of C$53.5 million.
IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.
The company’s shares closed on Friday at C$4.60.
