Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG hit a new 52-week high during trading on Tuesday . The company traded as high as C$9.68 and last traded at C$9.36, with a volume of 2591916 shares traded. The stock had previously closed at C$9.04.
Analyst Ratings Changes
Several brokerages recently weighed in on IMG. Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. National Bankshares reduced their price target on IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating on the stock in a research report on Thursday, January 9th. 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 research report on Monday, December 2nd. Finally, Stifel Nicolaus increased their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, IAMGOLD currently has a consensus rating of "Buy" and a consensus price target of C$8.30.
View Our Latest Stock Analysis on IMG
IAMGOLD Stock Performance
The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The stock has a 50-day moving average price of C$8.04 and a 200 day moving average price of C$7.30. The company has a market cap of C$5.22 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last announced its quarterly earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share for the quarter, beating analysts' consensus estimates of C$0.15 by C$0.09. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. During the same period last year, the company earned ($0.01) EPS. As a group, analysts anticipate that IAMGOLD Co. will post 1.1121076 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the 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. Also, Senior Officer Stephen Eddy sold 16,100 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. Corporate insiders own 0.10% of the company's stock.
About IAMGOLD
(
Get Free Report)
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.
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