Cibc World Mkts Upgrades IAMGOLD (TSE:IMG) to "Strong-Buy"

Cibc World Mkts upgraded shares of IAMGOLD (TSE:IMG - Free Report) NYSE: IAG from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on IMG. Royal Bank of Canada cut shares of IAMGOLD from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, September 10th. Stifel Nicolaus raised their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. National Bankshares raised their target price 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 raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$7.29.

IAMGOLD Trading Down 1.1 %

IMG traded down C$0.09 during trading on Monday, hitting C$7.97. 1,129,664 shares of the stock traded hands, compared to its average volume of 1,533,281. The firm has a market capitalization of C$4.55 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. 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 firm has a 50-day moving average of C$7.42 and a 200 day moving average of C$6.42. IAMGOLD has a 12-month low of C$2.87 and a 12-month high of C$8.80.

Insider Buying and Selling at IAMGOLD

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