IAMGOLD Co. (TSE:IMG) Receives Average Rating of “Buy” from Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$22.20.

A number of research analysts have issued reports on IMG shares. Bank of America increased their target price on shares of IAMGOLD from C$13.00 to C$15.50 in a research report on Friday, August 29th. Canaccord Genuity Group lifted their price objective on IAMGOLD from C$15.50 to C$19.50 in a report on Thursday, October 2nd. Cormark increased their target price on IAMGOLD from C$16.50 to C$20.00 in a report on Tuesday, September 16th. Royal Bank Of Canada raised IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Finally, Stifel Nicolaus raised shares of IAMGOLD from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$11.00 to C$28.00 in a research report on Monday, October 20th.

IAMGOLD Stock Down 2.5%

IMG stock opened at C$23.67 on Friday. IAMGOLD has a fifty-two week low of C$7.19 and a fifty-two week high of C$24.63. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The stock has a market capitalization of C$14.04 billion, a price-to-earnings ratio of 41.53, a PEG ratio of -0.28 and a beta of 0.98. The business’s fifty day moving average price is C$19.78 and its two-hundred day moving average price is C$15.13.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Tuesday, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. The company had revenue of C$984.02 million during the quarter. On average, equities analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current 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. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.