Canaccord Genuity Upgrades IAMGOLD (IAG) to Buy

May 8, 2013 7:23 AM EDT
Get Alerts IAG Hot Sheet
Price: $4.45 +0.68%

Rating Summary:
    3 Buy, 6 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Canaccord Genuity upgraded IAMGOLD (NYSE: IAG) from Hold to Buy with a price target of $7.40 (from $8.25). Analyst Steven Butler said he thinks shares look oversold and cheap based on 2014 projected cashflow.

For an analyst ratings summary and ratings history on IAMGOLD click here. For more ratings news on IAMGOLD click here.

Shares of IAMGOLD closed at $5.38 yesterday.

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