Today’s Market Runner: Is Buying Stock Like IAMGOLD Corp (USA) After Such Increase Winning Strategy?

Today's Market Runner: Is Buying Stock Like IAMGOLD Corp (USA) After Such Increase Winning Strategy?

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! About 5.28 million shares traded hands. IAMGOLD Corp (USA) (NYSE:IAG) has risen 52.56% since March 9, 2016 and is uptrending. It has outperformed by 45.14% the S&P500.
The move comes after 5 months positive chart setup for the $1.47B company. It was reported on Oct, 12 by We have $5.24 PT which if reached, will make NYSE:IAG worth $837.90M more.

Analysts await IAMGOLD Corp (USA) (NYSE:IAG) to report earnings on November, 1. They expect $0.03 EPS, up 125.00% or $0.15 from last year’s $-0.12 per share. IAG’s profit will be $13.20M for 27.83 P/E if the $0.03 EPS becomes a reality. After $0.01 actual EPS reported by IAMGOLD Corp (USA) for the previous quarter, Wall Street now forecasts 200.00% EPS growth.

IAMGOLD Corp (USA) (NYSE:IAG) Ratings Coverage

Out of 11 analysts covering Iamgold Corp (NYSE:IAG), 2 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 18% are positive. Iamgold Corp has been the topic of 19 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, July 24 the stock rating was initiated by IBC with “Underperform”. The firm has “Reduce” rating by HSBC given on Monday, October 26. As per Wednesday, May 18, the company rating was downgraded by Howard Weil. Credit Suisse initiated IAMGOLD Corp (USA) (NYSE:IAG) on Thursday, August 18 with “Neutral” rating. The stock has “Hold” rating given by HSBC on Tuesday, November 24. As per Wednesday, October 21, the company rating was downgraded by Canaccord Genuity. Paradigm Research upgraded the stock to “Buy” rating in Monday, July 18 report. The firm has “Underperform” rating by Raymond James given on Friday, July 24. The firm earned “Neutral” rating on Friday, February 12 by Goldman Sachs. IBC upgraded the stock to “Sector Performer” rating in Monday, June 27 report.

According to Zacks Investment Research, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America.”

Another recent and important IAMGOLD Corp (USA) (NYSE:IAG) news was published by which published an article titled: “IAMGOLD Corp (USA) (NYSE:IAG) Fights to Hold Its Ground” on September 01, 2016.

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