BUZZ-Iamgold Corp: RBC cuts rating, PT

Mon Jul 13, 2015 7:14am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian miner's U.S.-listed shares down about 5.4 pct at $1.73 premarket

** RBC downgrades stock to "underperform" from "sector perform"; cuts price target to $2.25 from $2.75

** Lower gold production and higher production costs to weigh on company's share price, RBC analysts say in a note

** 3 of 16 brokerages rate the stock "buy", 6 "hold" and 7 "sell" or lower; their median PT is $2.73

** Up to Friday's close, stock had fallen about 32 pct this year