IAMGOLD (TSE:IMG) Downgraded by Raymond James to “Sell”

Raymond James downgraded shares of IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) to a sell rating in a report issued on Wednesday morning, TipRanks reports. Raymond James currently has C$2.25 target price on the mining company’s stock.

Several other brokerages have also recently issued reports on IMG. BMO Capital Markets cut shares of IAMGOLD from an outperform rating to a hold rating and set a C$2.75 price objective on the stock. in a research note on Monday, April 18th. TD Securities boosted their price target on shares of IAMGOLD from C$5.00 to C$5.50 in a research note on Wednesday, January 26th. National Bank Financial reduced their price objective on shares of IAMGOLD to C$4.50 and set an outperform rating for the company in a research report on Monday, January 17th. National Bankshares lifted their price objective on IAMGOLD from C$5.00 to C$5.50 in a report on Wednesday, April 20th. Finally, Stifel Nicolaus cut their target price on IAMGOLD from C$3.50 to C$3.25 in a research note on Wednesday, April 27th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD has a consensus rating of Hold and an average target price of C$3.48.

IMG opened at C$2.71 on Wednesday. IAMGOLD has a 52 week low of C$2.52 and a 52 week high of C$4.74. The business has a 50 day moving average price of C$4.16 and a two-hundred day moving average price of C$3.85. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 22.87. The company has a market cap of C$1.30 billion and a PE ratio of -3.96.

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) last released its earnings results on Wednesday, February 23rd. The mining company reported C$0.11 earnings per share (EPS) for the quarter. The company had revenue of C$371.42 million during the quarter. As a group, sell-side analysts expect that IAMGOLD will post 0.17 EPS for the current fiscal year.

In other news, Senior Officer Benjamin Richard Little sold 22,000 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of C$3.73, for a total value of C$82,060.00. Following the completion of the transaction, the insider now owns 38,617 shares in the company, valued at C$144,041.41. Also, Senior Officer Peter Gordon Stothart acquired 22,057 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The stock was acquired at an average price of C$4.28 per share, for a total transaction of C$94,403.96. Following the completion of the transaction, the insider now directly owns 438,227 shares in the company, valued at C$1,875,611.56.

About IAMGOLD (Get Rating)

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.

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Analyst Recommendations for IAMGOLD (TSE:IMG)

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