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IAMGOLD (IAG) Gets a Hold Rating from RBC Capital

RBC Capital analyst Josh Wolfson maintained a Hold rating on IAMGOLD (IAGResearch Report) on February 14 and set a price target of $2.00. The company’s shares closed last Tuesday at $2.97.

According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.3% and a 52.8% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IAMGOLD with a $3.02 average price target.

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Based on IAMGOLD’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $294 million and GAAP net loss of $75.3 million. In comparison, last year the company earned revenue of $335 million and had a GAAP net loss of $11.6 million.

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IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. The company was founded by William D. Pugliese, Mark I. Nathanson, and Larry E. Phillips on March 27, 1990 and is headquartered in Toronto, Canada.

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