IAMGOLD (TSE:IMG) Price Target Raised to C$11.00

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price objective boosted by investment analysts at Stifel Nicolaus from C$9.50 to C$11.00 in a research note issued on Monday,BayStreet.CA reports. Stifel Nicolaus' target price points to a potential upside of 10.22% from the company's current price.

Several other equities analysts have also issued reports on the stock. National Bankshares boosted their price target on shares of IAMGOLD from C$13.50 to C$15.00 and gave the company an "outperform" rating in a report on Wednesday, April 2nd. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a report on Monday, February 3rd. Finally, BMO Capital Markets raised IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$10.67.

IAMGOLD Trading Down 0.7 %

IAMGOLD stock traded down C$0.07 during midday trading on Monday, hitting C$9.98. 538,423 shares of the stock were exchanged, compared to its average volume of 2,071,942. The stock has a market capitalization of C$4.06 billion, a PE ratio of 5.18, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a fifty day simple moving average of C$8.88 and a two-hundred day simple moving average of C$8.21. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. IAMGOLD has a 52 week low of C$4.86 and a 52 week high of C$11.63.

Insider Buying and Selling

In related news, Director Renaud Adams bought 35,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of C$8.08 per share, for a total transaction of C$282,660.00. Also, Director Lawrence Peter O'hagan purchased 4,800 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of C$8.11 per share, with a total value of C$38,918.88. Over the last 90 days, insiders acquired 45,800 shares of company stock worth $370,999. 0.10% of the stock is 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.