IAMGOLD Corp (IAG) Gets a Hold Rating from RBC Capital
In a report released today, Dan Rollins from RBC Capital reiterated a Hold rating on IAMGOLD Corp (NYSE: IAG), with a price target of $6. The company’s shares opened today at $3.85, close to its 52-week low of $3.57.
According to TipRanks.com, Rollins is ranked 0 out of 5 stars with an average return of -13.3% and a 33.0% success rate. Rollins covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Torex Gold Resources Inc.
Currently, the analyst consensus on IAMGOLD Corp is a Strong Buy with an average price target of $6.25.
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Based on IAMGOLD Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $26.2 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.