IAMGOLD Co. (TSE:IMG) Receives C$8.30 Consensus Target Price from Analysts

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG has been given a consensus recommendation of "Buy" by the six research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$8.30.

IMG has been the topic of several recent analyst reports. Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a report on Monday, February 3rd. Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Stifel Nicolaus increased their price objective on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bankshares dropped their price objective on IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating on the stock in a research note on Thursday, January 9th. Finally, Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd.

IAMGOLD Price Performance

IAMGOLD stock traded down C$0.09 during midday trading on Wednesday, reaching C$9.15. 2,240,881 shares of the stock traded hands, compared to its average volume of 1,767,551. IAMGOLD has a 12 month low of C$3.15 and a 12 month high of C$9.68. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The stock's fifty day moving average is C$8.04 and its 200-day moving average is C$7.29. The stock has a market cap of C$5.22 billion, a P/E ratio of 28.59, a PEG ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last issued its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same quarter in the prior year, the firm earned ($0.01) EPS. As a group, equities research analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current year.

Insider Activity at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. Also, Director Renaud Adams acquired 36,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$6.95 per share, for a total transaction of C$250,102.80. 0.10% of the stock is owned by company 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.