IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG has received an average recommendation of "Buy" from the seven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$6.91.
IMG has been the topic of a number of recent analyst reports. National Bankshares raised their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an "outperform" rating in a report on Wednesday. Royal Bank of Canada downgraded shares of IAMGOLD from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, September 10th. Stifel Nicolaus upped their price target on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th.
Read Our Latest Research Report on IAMGOLD
IAMGOLD Stock Down 3.4 %
Shares of IMG traded down C$0.28 during mid-day trading on Friday, hitting C$8.03. The company's stock had a trading volume of 1,172,400 shares, compared to its average volume of 1,553,396. The firm has a market capitalization of C$4.58 billion, a price-to-earnings ratio of 25.09, a PEG ratio of -0.28 and a beta of 1.47. The company's 50-day moving average is C$7.08 and its 200-day moving average is C$5.96. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. IAMGOLD has a 52-week low of C$2.87 and a 52-week high of C$8.80.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last announced its earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.10. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. The business had revenue of C$527.18 million for the quarter. On average, equities research analysts forecast that IAMGOLD will post 1.1121076 EPS for the current fiscal year.
Insider Activity at IAMGOLD
In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total value of C$99,206.80. 0.10% of the stock is owned by company insiders.
IAMGOLD Company Profile
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Get Free ReportIAMGOLD 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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