Analysts Set IAMGOLD Co. (TSE:IMG) Target Price at C$8.68

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have been assigned an average rating of "Buy" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$8.68.

IMG has been the subject of several research reports. National Bankshares lifted their price target on IAMGOLD from C$12.00 to C$13.50 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd.

IAMGOLD Stock Up 1.2 %

Shares of IAMGOLD stock traded up C$0.10 during trading on Friday, hitting C$8.13. 1,542,179 shares of the stock traded hands, compared to its average volume of 1,819,560. The stock has a market cap of C$3.30 billion, a P/E ratio of 4.22, a PEG ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. IAMGOLD has a twelve month low of C$3.88 and a twelve month high of C$9.68. The company has a fifty day moving average price of C$8.37 and a two-hundred day moving average price of C$7.68.

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Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Lawrence Peter O'hagan purchased 4,800 shares of the stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of C$8.11 per share, for a total transaction of C$38,918.88. Insiders have purchased 40,800 shares of company stock worth $329,549 over the last three months. Company insiders own 0.10% of the company's stock.

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.