TD Securities Upgrades IAMGOLD (IAG) to Buy

November 8, 2016 7:35 AM EST
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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TD Securities upgraded IAMGOLD (NYSE: IAG) from Hold to Buy with a price target of C$7.5.

Analyst Steven Green said, "With IAMGOLD's cost-reduction initiatives paying off and the company now generating meaningful free cash flow, we believe that it can narrow the current valuation gap. At 4.1x 2017E EBITDA and 0.9x NAV, the stock is trading at a significant discount to its peers."

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 $3.97 yesterday.

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