Credit Suisse analyst Fahad Tariq maintained a Hold rating on IAMGOLD Corp (IAG) yesterday and set a price target of $6. The company’s shares closed yesterday at $3.46.
According to TipRanks.com, Tariq is ranked #2286 out of 5108 analysts.
IAMGOLD Corp has an analyst consensus of Moderate Buy, with a price target consensus of $6.25, implying an 80.6% upside from current levels. In a report issued on November 30, Raymond James also maintained a Hold rating on the stock.
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Based on IAMGOLD Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $9.5 million. In comparison, last year the company had a net profit of $30.8 million.
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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.
