National Bankshares Issues Pessimistic Forecast for IAMGOLD (TSE:IMG) Stock Price

IAMGOLD (TSE:IMG - Free Report) NYSE: IAG had its price target cut by National Bankshares from C$12.50 to C$12.00 in a report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the mining company's stock.

Several other research analysts also recently commented on the company. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their target price on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Finally, National Bank Financial raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, IAMGOLD presently has a consensus rating of "Buy" and an average price target of C$8.30.

IAMGOLD Trading Up 1.6 %

IMG traded up C$0.13 during trading hours on Thursday, reaching C$8.27. 965,687 shares of the company's stock traded hands, compared to its average volume of 1,330,370. 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 firm has a 50-day moving average price of C$7.59 and a 200 day moving average price of C$6.83. IAMGOLD has a 52-week low of C$3.00 and a 52-week high of C$8.80. The firm has a market capitalization of C$4.72 billion, a PE ratio of 25.84, a PEG ratio of -0.28 and a beta of 1.47.

Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, Director Renaud Adams bought 36,000 shares of IAMGOLD stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. 0.10% of the stock is currently owned by company insiders.

About IAMGOLD

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.