Zacks Rating on Iamgold Corporation (IAG)

Iamgold Corporation (IAG) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Iamgold Corporation (IAG). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Iamgold Corporation (IAG) stock is expected to deviate a maximum of $1.89 from the average target price of $5.01 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $2.


IAMGOLD Corp. has lost 10.27% in the last five trading days and dropped 1.35% in the last 4 weeks. IAMGOLD Corp. is up 34.05% in the last 3-month period. Year-to-Date the stock performance stands at 207.75%. Iamgold Corporation (NYSE:IAG): On Tuesdays trading session , Opening price of the stock was $4.66 with an intraday high of $4.66. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.26. However, the stock managed to close at $4.37, a loss of 4.59% for the day. On the previous day, the stock had closed at $4.58. The total traded volume of the day was 20,304,988 shares.

IAMGOLD Corporation (IAMGOLD) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. The Company holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America. The Companys 90% owned Essakane Gold Mine mine is located in the Burkina Faso, West Africa. The Company holds 40% interest in the Sadiola Gold Mine, which is located in the Mali, North Western Africa. It also holds 40% interest in the Yatela Gold Mine, which is located in the Mali, North Western Africa. The Company also holds Greenfield exploration projects, which include the Boto Gold Project, the Siribaya exploration project and the Monster Lake project.

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