In a report issued on September 16, Dan Rollins from RBC Capital reiterated a Hold rating on IAMGOLD Corp (NYSE: IAG), with a price target of $6.50. The company’s shares closed yesterday at $3.77, close to its 52-week low of $3.57.
According to TipRanks.com, Rollins ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -15.9% and a 29.4% success rate. Rollins covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Alamos Gold Inc, and New Gold Inc.
Currently, the analyst consensus on IAMGOLD Corp is a Hold with an average price target of $6.50.
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The company has a one-year high of $6.73 and a one-year low of $3.57. Currently, IAMGOLD Corp has an average volume of 2.96M.
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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.
