IAMGOLD Co. (TSE:IMG) Receives Consensus Recommendation of "Buy" from Analysts

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have earned an average rating of "Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$7.29.

IMG has been the subject of a number of recent research reports. National Bank Financial raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. National Bankshares lifted their price target on IAMGOLD from C$11.00 to C$12.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st.

IAMGOLD Stock Down 0.3 %

Shares of TSE:IMG traded down C$0.02 during trading hours on Monday, hitting C$7.58. The company's stock had a trading volume of 987,125 shares, compared to its average volume of 1,527,644. The company has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 52 week low of C$3.00 and a 52 week high of C$8.80. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm's fifty day moving average price is C$7.50 and its 200 day moving average price is C$6.52.

Insider Activity

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. 0.10% of the stock is owned by corporate insiders.

IAMGOLD Company Profile

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.