IAMGOLD (IMG) Given “Neutral” Rating at CSFB

IAMGOLD (TSE:IMG) (NYSE:IAG)‘s stock had its “neutral” rating reiterated by CSFB in a research report issued to clients and investors on Wednesday.

A number of other equities analysts have also recently issued reports on IMG. Canaccord Genuity cut their target price on IAMGOLD from C$11.50 to C$10.50 in a report on Tuesday, July 24th. Desjardins cut IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, June 7th. Finally, National Bank Financial increased their target price on IAMGOLD from C$9.75 to C$10.50 and gave the stock an “outperform” rating in a report on Friday, August 10th.

TSE:IMG traded down C$0.15 on Wednesday, reaching C$4.96. 1,188,390 shares of the stock traded hands, compared to its average volume of 1,201,254. IAMGOLD has a 1-year low of C$4.69 and a 1-year high of C$8.35.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Wednesday, August 8th. The mining company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.03. The business had revenue of C$358.02 million during the quarter. IAMGOLD had a negative net margin of 5.81% and a negative return on equity of 2.54%.

In other news, Director Sybil Elsa Veenman bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were bought at an average cost of C$6.40 per share, for a total transaction of C$32,000.00.


IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

Further Reading: Asset Allocation, Balancing Your Investments

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