Iamgold Corporation with ticker code (IAG) now have 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 3.98 and 1.75 suggesting an average Analsyt target price of $2.84. Given that the stocks previous close was at $2.36 this is indicating there is a potential upside of 20.3%. Also worth taking note is the 50 day moving average now sits at $2.54 and the 200 day MA is $1.84. The company has a market capitalization of $1,126m. Company Website: https://www.iamgold.com
The potential market cap would be $1,355m based on the market consensus.
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America and West Africa. The company owns 100% interest in the Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and 90% interests in the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa. Its exploration and development projects include the 100% owned Diakha-Siribaya project that covers an area of approximately 600 square kilometres situated in Mali; the Monster Lake projects located in Quebec, Canada; and the Karita project that covers an area of approximately 100 square kilometres located in Guinea, as well as Pitangui project in Brazil, and 75% owned the Nelligan located in Québec. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.
The company is not paying dividends at this time.
