IAMGOLD Corp (USA) (NYSE:IAG) targeting countries in South America, West Africa


Boston, MA, 06/28/2013 (financialstrend) – The share prices of IAMGOLD Corp (USA) (NYSE:IAG)  traded in the price between $3.88 and $4.18 per share on Thursday. The share price of the company had gradually advanced by 7.07 percent more than the previous day. The opening price is $3.91 per share. The share price of IAMGOLD Corp (USA) (NYSE:IAG) has made effect in the 52 week low value $3.88 and 52 week high value $16.88.

IAMGOLD Corporation is basically a mining company and operates with primary interests in a diamond royalty, a niobium mine, operating five gold mines and other exploration and development projects located in western countries like Africa and the United States. IAMGOLD Corp (USA) (NYSE:IAG) is focused in countries in South America, West Africa and in the Canadian province of Quebec. The operating mine of the company includes Essakane Gold Mine, Niobec Niobium Mine and Doyon Division Gold Mines.

The analysts cover the stock of the mining company. Zacks in early June upgraded shares of IAG Corp from underperform to neutral. They have a $5.50 price target on the stock. In May, analysts at RBC had increased their price target on shares of IAG from $6.00 to $7.00. They have a sector perform rating on the stock. Also in May, an analyst at Barclays Capital has raised the price target on the shares of IAMGOLD Corp from $6.00 to $7.00. They have an equal weight rating on the stock. One analyst has analysed the company’s sell rating, buy rating issued by twelve and hold rating is by six. The average rating is Hold and the consensus price target is $9.58. the IAG has touched a new 52 week low value of $3.88 per share.

The market capitalization value is nearly 1.54 billion and institutional investors share’s value is about 80 percent. The company presently holds outstanding share values as 376.60 million on Thursday.