National Bankshares Forecasts Strong Price Appreciation for IAMGOLD (TSE:IMG) Stock

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price objective boosted by equities researchers at National Bankshares from C$13.50 to C$15.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the mining company's stock. National Bankshares' price objective would indicate a potential upside of 85.87% from the company's current price.

Several other equities research analysts have also recently issued reports on the company. Raymond James raised IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$9.05.

IAMGOLD Trading Up 0.6 %

IMG stock traded up C$0.05 during trading on Wednesday, reaching C$8.07. 2,468,029 shares of the stock were exchanged, compared to its average volume of 1,899,724. The business has a 50 day moving average price of C$8.65 and a 200-day moving average price of C$7.95. IAMGOLD has a 1 year low of C$4.72 and a 1 year high of C$9.68. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The firm has a market capitalization of C$3.28 billion, a price-to-earnings ratio of 4.19, a P/E/G ratio of -0.28 and a beta of 1.47.

Insiders Place Their Bets

In other IAMGOLD 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 value of C$127,786.50. Also, Director Renaud Adams purchased 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of C$8.08 per share, with a total value of C$282,660.00. Over the last quarter, insiders acquired 45,800 shares of company stock worth $370,999. 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.