IAMGOLD Co. (TSE:IMG) Receives C$8.30 Consensus PT from Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$8.68.

A number of equities analysts have issued reports on IMG shares. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. National Bankshares raised their price target on shares of IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research report on Tuesday. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Stifel Nicolaus increased their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. Corporate insiders own 0.10% of the company’s stock.

IAMGOLD Stock Down 1.2 %

Shares of IMG opened at C$9.12 on Wednesday. The stock’s 50-day moving average price is C$8.07 and its two-hundred day moving average price is C$7.33. IAMGOLD has a 12 month low of C$3.15 and a 12 month high of C$9.68. The company has a market capitalization of C$5.20 billion, a PE ratio of 28.50, a PEG ratio of -0.28 and a beta of 1.47. 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 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.