Rating on IAMGOLD (IAG) Reiterated, Essakane Operations Resumed

IAMGOLD (NYSE:IAG) had its rating on them of a "Sector Perform" reiterated by RBC Capital, which also boosted its price target on the gold miner from $23 to $26.

After a one day stoppage at its Essakane gold mine in Burkina Faso, in regard to labor issues, the company announced operations have resumed and say they have a goal of taking care of the concerns within a period of 60 days.

IAMGOLD Corporation participates in the exploration, development, and production of mineral resource properties around the world. Along with gold, the company also explores for silver, zinc, copper, niobium and diamonds, as well as other metals. Its primary business is gold, with production of approximately one million ounces annually from 8 gold mines on 3 continents.

IAMGOLD closed Friday at $18.76, dropping $0.05, or 0.27 percent.