Is IAMGOLD Corp (NYSE:IAG) Worth Your Time and Dime Following a BMO Capital Upgrade?

August 24, 2017 - By Henry Gaston

  Is IAMGOLD Corp (NYSE:IAG) Worth Your Time and Dime Following a BMO Capital Upgrade?

IAMGOLD Corp (NYSE:IAG) Stock Upgrade

IAMGOLD Corp (NYSE:IAG) was just upgraded by BMO Capital to a respectable Buy rating in a note sent to investors on Tuesday morning. The firm after the upgrade has a $7.5 price target on the shares. This target is 23.97 % from IAG’s current share price.

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

Among 14 analysts covering Iamgold Corp (NYSE:IAG), 5 have Buy rating, 3 Sell and 6 Hold. Therefore 36% are positive. Iamgold Corp has $216 highest and $1.50 lowest target. $30.79’s average target is 408.93% above currents $6.05 stock price. Iamgold Corp had 34 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Market Perform” rating by Raymond James on Thursday, January 21. The rating was maintained by Raymond James on Thursday, June 15 with “Market Perform”. The firm has “Sector Perform” rating by Scotia Capital given on Thursday, May 11. On Monday, July 10 the stock rating was maintained by RBC Capital Markets with “Hold”. On Wednesday, October 21 the stock rating was downgraded by Canaccord Genuity to “Sell”. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has “Underperform” rating given on Friday, July 24 by Raymond James. The company was upgraded on Tuesday, November 24 by HSBC. Morgan Stanley reinitiated the shares of IAG in report on Wednesday, November 25 with “Underweight” rating. The rating was maintained by RBC Capital Markets on Monday, June 5 with “Hold”. On Wednesday, October 19 the stock rating was upgraded by Canaccord Genuity to “Buy”.

About 2.34M shares traded. IAMGOLD Corp (USA) (NYSE:IAG) has risen 21.20% since August 24, 2016 and is uptrending. It has outperformed by 4.50% the S&P500.

IAMGOLD Corporation is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. The company has market cap of $2.81 billion. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. It has a 5.66 P/E ratio. IAMGOLD is a mid-tier mining firm with approximately four operating gold mines on over three continents.

More notable recent IAMGOLD Corp (USA) (NYSE:IAG) news were published by: Seekingalpha.com which released: “IAMGOLD: What To Do Now” on August 14, 2017, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Chevron, Fiat Chrysler, Groupon, GrubHub …” published on August 23, 2017, Prnewswire.com published: “IAMGOLD Corporation Announces Acquisition of Common Shares of TomaGold Corporation” on August 14, 2017. More interesting news about IAMGOLD Corp (USA) (NYSE:IAG) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For August 23, 2017” published on August 23, 2017 as well as Seekingalpha.com‘s news article titled: “IAMGOLD upgraded at BMO, citing Saramacca optimism” with publication date: August 23, 2017.

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