According to The Fly, the Materials sector company, IAMGOLD Corp (IMG), has received a rating update from a Wall Street analyst today. Analyst Andrew Kaip from BMO Capital reiterated a Buy rating
According to TipRanks.com, Kaip has currently no stars on a ranking scale of 0-5 stars, with an average return of -8.9% and a 28.5% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Golden Star Resources Ltd.
IAMGOLD Corp has an analyst consensus of Moderate Buy, with a price target consensus of C$8.28.
Based on IAMGOLD Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$12.42 million. In comparison, last year the company had a net profit of C$38.6 million.
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.
The company’s shares closed on Monday at C$4.73.
