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Monday, March 3, 2014

IAMGOLD Corp - Price Target $5.25 $IMG $IAG

IAMGOLD Corp (TSE:IMG) is a mining company. IAMGOLD‘s interests include five operating gold mines, a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas. IAMGOLD is focused in West Africa, select countries in South America and in the Canadian province of Quebec. Price target of $5.25.
 

The Company's operating mines include Rosebel Gold Mine, Essakane Gold Mine, Doyon Division Gold Mines and Niobec Niobium Mine. The Company’s development projects include Westwood Project, Quimsacocha Project and Camp Caiman Project. In November 2012, the Company sold IAMGOLD Ecuador S.A., which includes the Quimsacocha project in Ecuador. In April 2013, IAMGOLD, through an undisclosed subsidiary, raised its stake to 18.373% from 7.778% by acquiring a further 10.595% in GoldON Resources Ltd.
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