Stock Mover of the Day: Is IAMGOLD Corp (USA) a Sell? The Stock Declines Again

Stock Mover of the Day: Is IAMGOLD Corp (USA) a Sell? The Stock Declines Again

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! The stock last traded at $3.46 per share. It is down 57.27% since March 11, 2016 and is uptrending. It has outperformed by 51.82% the S&P500.
The move comes after 5 months negative chart setup for the $1.59 billion company. It was reported on Oct, 14 by We have $3.29 PT which if reached, will make NYSE:IAG worth $79.50 million less.

Analysts await IAMGOLD Corp (USA) (NYSE:IAG) to report earnings on November, 1. They expect $0.03 earnings per share, up 125.00% or $0.15 from last year’s $-0.12 per share. IAG’s profit will be $13.79 million for 28.83 P/E if the $0.03 EPS becomes a reality. After $0.01 actual earnings per share 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. The firm has “Reduce” rating given on Monday, October 26 by HSBC. The firm earned “Sell” rating on Thursday, August 6 by Canaccord Genuity. The firm has “Buy” rating by Paradigm Research given on Monday, July 18. The rating was downgraded by Raymond James on Friday, July 24 to “Underperform”. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Underweight” rating by Morgan Stanley on Wednesday, November 25. The stock has “Underperform” rating given by Howard Weil on Wednesday, May 18. The company was downgraded on Wednesday, October 21 by Canaccord Genuity. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Underperform” rating by IBC on Friday, July 24. The firm earned “Neutral” rating on Thursday, August 18 by Credit Suisse. HSBC upgraded IAMGOLD Corp (USA) (NYSE:IAG) on Tuesday, November 24 to “Hold” rating.

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.”

More news for IAMGOLD Corp (USA) (NYSE:IAG) were recently published by:, which released: “2 Massive Bullish Options Bets On IAMGOLD Corp (USA) (IAG)” on October 13, 2016.‘s article titled: “IAMGOLD Corp (USA) (NYSE:IAG) Fights to Hold Its Ground” and published on September 01, 2016 is yet another important article.

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