According to The Fly, iAMGOLD Corp (IMG), the Materials sector company was revisited on November 30, yet the Wall Street analyst remains currently on the sidelines. Raymond James’ analyst Farooq Hamed reiterates their Hold rating on the shares.
According to TipRanks.com, Hamed has currently no stars on a ranking scale of 0-5 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.
Currently, the analyst consensus on IAMGOLD Corp is a Moderate Buy with an average price target of C$8.28, representing a 96.2% upside. In a report issued on November 16, Desjardins also maintained a Hold rating on the stock with a C$6 price target.
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IAMGOLD Corp’s market cap is currently C$1.88B and has a P/E ratio of 0. The company has a Price to Book ratio of 0.52.
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$4.22, close to its 52-week low of C$3.64.
