IAMGOLD Co. (TSE:IMG) Receives C$7.29 Average Price Target from Analysts

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have received an average recommendation of "Buy" from the six ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$7.29.

Several brokerages have issued reports on IMG. National Bankshares raised their price objective on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. National Bank Financial upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lowered IAMGOLD from a "moderate buy" rating to a "hold" rating in a report on Tuesday, September 10th. Finally, Stifel Nicolaus increased their price target on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st.

Insiders Place Their Bets

In other news, Director Renaud Adams acquired 36,000 shares of IAMGOLD stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Bruno Lemelin sold 14,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total value of C$99,206.80. 0.10% of the stock is currently owned by company insiders.

IAMGOLD Price Performance

Shares of TSE IMG opened at C$7.79 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The stock has a market cap of C$4.44 billion, a P/E ratio of 24.34, a P/E/G ratio of -0.28 and a beta of 1.47. The stock has a 50 day moving average of C$7.29 and a two-hundred day moving average of C$6.25. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$8.80.

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.