Stifel Nicolaus Reduces EPS Estimates on IAMGOLD

Stifel Nicolaus reduced its earnings per share estimates on IAMGOLD Corporation IAG. In a research report published today, Stifel changed its full year earnings estimates for 2011 from $1.36 to $1.24 and for 2012 from $1.24 to $1.05. Stifel currently has a Buy rating and a price target of $26 on IAG. On Wednesday, IAG closed the day at $20.07.