IAMGOLD (TSE:IMG) PT Raised to C$9.00

IAMGOLD (TSE:IMG - Free Report) NYSE: IAG had its price objective hoisted by Stifel Nicolaus from C$6.00 to C$9.00 in a report released on Monday morning, BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. National Bank Financial raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. 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. Finally, National Bankshares raised shares of IAMGOLD from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$8.50 to C$11.00 in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$6.74.

IAMGOLD Price Performance

Shares of TSE:IMG traded up C$0.29 during trading on Monday, reaching C$8.52. The company had a trading volume of 2,902,189 shares, compared to its average volume of 1,550,334. The firm's fifty day moving average is C$6.83 and its 200 day moving average is C$5.84. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The firm has a market capitalization of C$4.86 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$8.67.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last announced its earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.10. The company had revenue of C$527.18 million during the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. On average, equities analysts forecast that IAMGOLD will post 1.1121076 EPS for the current year.

Insider Activity

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. 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.