IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price target increased by analysts at National Bankshares from C$11.00 to C$12.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the mining company's stock. National Bankshares' price target points to a potential upside of 45.99% from the company's current price.
Several other equities analysts have also commented on IMG. National Bank Financial upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. 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, Stifel Nicolaus boosted their target price on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$6.91.
Get Our Latest Analysis on IMG
IAMGOLD Price Performance
IMG stock traded down C$0.22 during trading on Wednesday, hitting C$8.22. The stock had a trading volume of 2,132,131 shares, compared to its average volume of 1,555,107. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$8.80. The company's 50-day moving average price is C$7.02 and its two-hundred day moving average price is C$5.92. 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 market capitalization of C$4.69 billion, a P/E ratio of 25.69, a PEG ratio of -0.28 and a beta of 1.47.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.10. The firm had revenue of C$527.18 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. As a group, research analysts predict that IAMGOLD will post 1.1121076 EPS for the current fiscal year.
Insider Buying and Selling
In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. 0.10% of the stock is owned by company insiders.
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.
Featured Stories
Before you consider IAMGOLD, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IAMGOLD wasn't on the list.
While IAMGOLD currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
