IAMGOLD (IAG) Receives a Rating Update from a Top Analyst

In a report released today, Ingrid Rico from Stifel Nicolaus maintained a Buy rating on IAMGOLD, with a price target of C$40.00.

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According to TipRanks, Rico is a top 100 analyst with an average return of 34.7% and a 68.80% success rate. Rico covers the Basic Materials sector, focusing on stocks such as Eldorado Gold, Orla Mining, and Franco-Nevada.

In addition to Stifel Nicolaus, IAMGOLD also received a Buy from BMO Capital’s Matt Murphy in a report issued today. However, on the same day, Scotiabank maintained a Hold rating on IAMGOLD (NYSE: IAG).

Based on IAMGOLD’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.1 billion and a net profit of C$412.85 million. In comparison, last year the company earned a revenue of C$469.9 million and had a net profit of C$86.2 million

Based on the recent corporate insider activity of 15 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.