IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price target lifted by stock analysts at Stifel Nicolaus from C$6.00 to C$9.00 in a note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus' target price indicates a potential upside of 4.29% from the company's previous close.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada downgraded IAMGOLD from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, September 10th. National Bank Financial upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Canaccord Genuity Group lifted their target price on IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares raised shares of IAMGOLD from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$8.50 to C$11.00 in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, IAMGOLD currently has an average rating of "Moderate Buy" and an average target price of C$6.74.
Check Out Our Latest Report on IAMGOLD
IMG traded up C$0.40 during mid-day trading on Monday, reaching C$8.63. 2,072,051 shares of the stock were exchanged, compared to its average volume of 1,546,245. IAMGOLD has a 1 year low of C$2.87 and a 1 year high of C$8.67. 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 stock has a market capitalization of C$4.92 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a 50 day moving average price of C$6.83 and a two-hundred day moving average price of C$5.84.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last issued its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.12 by C$0.10. The business 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%. As a group, research analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current year.
In related news, Senior Officer Bruno Lemelin sold 14,000 shares of IAMGOLD stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Corporate insiders own 0.10% of the company's stock.
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.
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