IAMGOLD Co. (TSE:IMG) Receives Consensus Rating of “Buy” from Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$21.20.

IMG has been the topic of a number of analyst reports. Stifel Canada upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Stifel Nicolaus upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and upped their price target for the company from C$11.00 to C$28.00 in a report on Monday, October 20th. National Bankshares boosted their target price on IAMGOLD from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Canaccord Genuity Group increased their price target on IAMGOLD from C$15.50 to C$19.50 in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada raised IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th.

IAMGOLD Stock Down 1.8%

Shares of TSE IMG opened at C$21.53 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. IAMGOLD has a 12-month low of C$7.19 and a 12-month high of C$22.06. The firm’s 50-day moving average price is C$18.26 and its 200-day moving average price is C$13.52. The stock has a market capitalization of C$12.39 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of -0.28 and a beta of 1.14.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Tuesday, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. The business had revenue of C$984.02 million for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%. On average, equities research analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current fiscal year.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada.