Brokerages Set IAMGOLD Co. (TSE:IMG) Target Price at C$10.00

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG has earned a consensus rating of "Buy" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research 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. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$10.67.

A number of brokerages recently weighed in on IMG. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Stifel Nicolaus raised their target price on shares of IAMGOLD from C$9.50 to C$11.00 in a research note on Monday. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. National Bankshares lifted their price objective on shares of IAMGOLD from C$13.50 to C$15.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets raised IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th.

Insider Activity

In related news, Senior Officer Bruno Lemelin sold 15,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Renaud Adams bought 35,000 shares of IAMGOLD stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$8.08 per share, for a total transaction of C$282,660.00. In the last ninety days, insiders have bought 45,800 shares of company stock worth $370,999. Corporate insiders own 0.10% of the company's stock.

IAMGOLD Stock Down 0.6 %

Shares of IAMGOLD stock traded down C$0.06 during trading on Monday, hitting C$9.99. The company's stock had a trading volume of 1,028,522 shares, compared to its average volume of 2,078,530. The company has a market capitalization of C$4.06 billion, a PE ratio of 5.18, a P/E/G 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 52 week low of C$4.86 and a 52 week high of C$11.63. The company has a fifty day simple moving average of C$8.88 and a two-hundred day simple moving average of C$8.21.

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.