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Iamgold Corporation (IAG) [hlAlert]

down 21.65 %

Iamgold Corporation (IAG) rated Underperform by Raymond James

Posted on: Friday,  Jul 24, 2015  10:25 AM ET by Raymond James

Raymond James rated Underperform Iamgold Corporation (NYSE: IAG) on 07/24/2015, when the stock price was $1.23. Since
then, Iamgold Corporation has gained 27.64% as of 11/25/2015's recent price of $1.57.
If you would have followed this Raymond James's recommendation on IAG, you would have lost 21.65% of your investment in 124 days.

IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/24/2015 10:25 AM Sell
as of 8/27/2015
1 Week up  18.22 %
1 Month up  28.63 %
3 Months down  -27.64 %
1 YTD down  -27.64 %

(*) Stock Price at the time of the recommendation.
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