IAMGOLD (IAG) Receives a Hold from Raymond James

In a report released yesterday, Judith Elliott from Raymond James maintained a Hold rating on IAMGOLD, with a price target of $13.00. The company’s shares closed yesterday at $12.59.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Elliott covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and IAMGOLD. According to TipRanks, Elliott has an average return of 50.6% and a 100.00% success rate on recommended stocks.

IAMGOLD has an analyst consensus of Moderate Buy, with a price target consensus of $10.74.

Based on IAMGOLD’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $580.9 million and a net profit of $78.7 million. In comparison, last year the company earned a revenue of $385.3 million and had a net profit of $84.5 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IAG in relation to earlier this year.