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Raymond James analyst Farooq Hamed maintained a Hold rating on IAMGOLD Corp (IAG) on November 30. The company’s shares opened today at $3.19, close to its 52-week low of $2.75.
According to TipRanks.com, Hamed is ranked 0 out of 5 stars with an average return of -21.6% and a 30.0% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, Nevsun Resources Ltd, and Hudbay Minerals Inc.
IAMGOLD Corp has an analyst consensus of Moderate Buy, with a price target consensus of $6.25, representing a 95.9% upside. In a report issued on November 16, Desjardins 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.
