Stock of The Day: How Analysts Feel About IAMGOLD Corp (USA) After Today’s Significant Decline?

Stock of The Day: How Analysts Feel About IAMGOLD Corp (USA) After Today's Significant Decline?

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! The stock decreased 7.24% or $0.28 on November 23, hitting $3.59. About 9.55M shares traded hands or 10.92% up from the average. IAMGOLD Corp (USA) (NYSE:IAG) has risen 21.69% since April 22, 2016 and is uptrending. It has outperformed by 16.29% the S&P500.
The move comes after 7 months negative chart setup for the $1.66 billion company. It was reported on Nov, 24 by Barchart.com. We have $3.41 PT which if reached, will make NYSE:IAG worth $83.00 million less.

Analysts await IAMGOLD Corp (USA) (NYSE:IAG) to report earnings on February, 15. They expect $0.01 earnings per share, up 106.25% or $0.17 from last year’s $-0.16 per share. IAG’s profit will be $4.62 million for 89.75 P/E if the $0.01 EPS becomes a reality. After $0.05 actual earnings per share reported by IAMGOLD Corp (USA) for the previous quarter, Wall Street now forecasts -80.00% negative EPS growth.

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

Out of 12 analysts covering Iamgold Corp (NYSE:IAG), 4 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 33% are positive. Iamgold Corp has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, July 18 by Paradigm Research. Goldman Sachs upgraded the stock to “Neutral” rating in Friday, February 12 report. The stock has “Underweight” rating given by Morgan Stanley on Wednesday, November 25. Canaccord Genuity downgraded the stock to “Sell” rating in Wednesday, October 21 report. The firm has “Sell” rating given on Thursday, August 6 by Canaccord Genuity. TD Securities upgraded the stock to “Buy” rating in Tuesday, November 8 report. The rating was downgraded by Raymond James on Friday, July 24 to “Underperform”. Canaccord Genuity upgraded the shares of IAG in a report on Wednesday, October 19 to “Buy” rating. As per Monday, October 26, the company rating was downgraded by HSBC. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Sell” rating by Mackie on Friday, February 19.

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 Fool.ca which published an article titled: “How Baytex Energy Corp. and IAMGOLD Corp. Will React to the TSX Slump” on October 30, 2016.

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