IAMGOLD's (IAG) EPS Estimate Lowered by Stifel Nicolaus

Stifel Nicolaus slashed its EPS estimates on IAMGOLD Corporation (NYSE: IAG) for 2011 and 2012, according to a research report from the company.

For 2011 Stifel lowered its EPS estimate from $1.36 to $1.24 and for 2012 from $1.24 to $1.05.

Stifel Nicolaus has a "Buy" rating on IAMGOLD at this time with a price target of $26 on the miner.

IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world.

IAMGOLD closed Thursday at $20.66, gaining $0.59, or 2.94 percent.