IAMGOLD (TSE:IMG) Upgraded to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of IAMGOLD (TSE:IMG - Free Report) NYSE: IAG to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares boosted their price target on shares of IAMGOLD from C$13.50 to C$15.00 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$10.67.

IAMGOLD Price Performance

Shares of IMG stock traded up C$0.17 during trading hours on Wednesday, hitting C$10.94. The company had a trading volume of 960,570 shares, compared to its average volume of 2,076,869. IAMGOLD has a 12 month low of C$4.74 and a 12 month high of C$11.63. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The firm's fifty day moving average is C$8.83 and its 200 day moving average is C$8.16. The firm has a market capitalization of C$4.45 billion, a price-to-earnings ratio of 5.68, a PEG ratio of -0.28 and a beta of 1.47.

Insider Activity

In related news, Director Lawrence Peter O'hagan acquired 4,800 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was acquired at an average cost of C$8.11 per share, with a total value of C$38,918.88. Also, Director Renaud Adams bought 35,000 shares of IAMGOLD stock in a transaction on Friday, February 28th. The shares were bought at an average price of C$8.08 per share, for a total transaction of C$282,660.00. Insiders have purchased 45,800 shares of company stock valued at $370,999 over the last three months. 0.10% of the stock is owned by insiders.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.