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

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG has been assigned an average rating of "Buy" from the six analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$8.68.

A number of analysts have recently weighed in on IMG shares. National Bankshares increased their target price on shares of IAMGOLD from C$12.00 to C$13.50 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a report on Monday, February 3rd. Finally, National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st.

Insider Activity

In other news, Senior Officer Bruno Lemelin sold 15,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Lawrence Peter O'hagan acquired 4,800 shares of the company'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, for a total transaction of C$38,918.88. Insiders have bought 45,800 shares of company stock valued at $370,999 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

IAMGOLD Trading Down 2.0 %

IMG stock traded down C$0.18 during trading on Thursday, hitting C$9.01. 1,810,025 shares of the company traded hands, compared to its average volume of 1,878,121. 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 company has a 50-day moving average of C$8.59 and a 200-day moving average of C$7.89. The firm has a market capitalization of C$3.66 billion, a PE ratio of 4.68, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1 year low of C$4.70 and a 1 year high of C$9.68.

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.