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Company News

BUZZ-Iamgold Corp: Rises after report on China National Gold's potential bid

** Shares of Canadian gold miner Iamgold Corp up 6.5% at C$4.26

** Earlier in the day, IMG shares rose as much as 13.3%, to an over 2-month high

** China National Gold Group Corp is studying a bid for a stake in co, Bloomberg reported here citing people familiar with the matter

** The report says China National Gold is working with financial advisers on the potential offer

** 6 of 11 brokerages rate the stock “buy” or higher, 5 “hold”; median PT is C$5.35

** Stock down ~15% YTD (Reporting By Arundhati Sarkar in Bengaluru)

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