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Stifel Nicolaus Sticks to Its Buy Rating for IAMGOLD (IAG)

Tipranks - Sat Aug 8, 3:52PM CDT

In a report released today, Ralph M. Profiti from Stifel Nicolaus maintained a Buy rating on IAMGOLD, with a price target of C$36.00.

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M. Profiti covers the Basic Materials sector, focusing on stocks such as Hemlo Mining, Southern Cross Gold Consolidated, and Equinox Gold. According to TipRanks, M. Profiti has an average return of 21.1% and a 61.04% success rate on recommended stocks.

In addition to Stifel Nicolaus, IAMGOLD also received a Buy from Bank of America Securities’s Sathish Kasinathan 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 March 31, the company reported a quarterly revenue of C$1.03 billion and a net profit of C$379.7 million. In comparison, last year the company earned a revenue of C$477.1 million and had a net profit of C$39.7 million

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