Live Price Coverage: Could IAMGOLD Corp (USA) Rise Even More? The Stock Had Another Big Increase Today

Live Price Coverage: Could IAMGOLD Corp (USA) Rise Even More? The Stock Had Another Big Increase Today

The stock of IAMGOLD Corp (USA) (NYSE:IAG) is a huge mover today! About 2.19M shares traded hands. IAMGOLD Corp (USA) (NYSE:IAG) has risen 25.52% since April 25, 2016 and is uptrending. It has outperformed by 19.50% the S&P500.
The move comes after 7 months positive chart setup for the $1.71B company. It was reported on Nov, 28 by We have $4.04 PT which if reached, will make NYSE:IAG worth $119.70M more.

Analysts await IAMGOLD Corp (USA) (NYSE:IAG) to report earnings on February, 15. They expect $0.01 EPS, up 106.25% or $0.17 from last year’s $-0.16 per share. IAG’s profit will be $4.52M for 94.50 P/E if the $0.01 EPS becomes a reality. After $0.05 actual EPS 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. Morgan Stanley reinitiated IAMGOLD Corp (USA) (NYSE:IAG) on Wednesday, November 25 with “Underweight” rating. The stock has “Buy” rating given by Paradigm Research on Monday, July 18. The rating was downgraded by HSBC to “Reduce” on Monday, October 26. Goldman Sachs upgraded the shares of IAG in a report on Friday, February 12 to “Neutral” rating. The firm has “Sell” rating given on Friday, February 19 by Mackie. Canaccord Genuity upgraded the stock to “Sell” rating in Thursday, August 6 report. 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. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Neutral” rating by Credit Suisse on Thursday, August 18. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has “Underperform” rating given on Friday, July 24 by Raymond James.

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: “How Baytex Energy Corp. and IAMGOLD Corp. Will React to the TSX Slump” on October 30, 2016.

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