IAMGOLD Co. (TSE:IMG) Given Consensus Recommendation of “Buy” by Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$22.20.

Several research firms have recently weighed in on IMG. Stifel Canada raised 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 boosted their price objective for the company from C$11.00 to C$28.00 in a research report on Monday, October 20th. National Bankshares raised their target price on shares of IAMGOLD from C$23.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Finally, Canaccord Genuity Group lifted their price target on shares of IAMGOLD from C$15.50 to C$19.50 in a research note on Thursday, October 2nd.

IAMGOLD Stock Up 4.3%

Shares of TSE IMG opened at C$27.42 on Wednesday. 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$7.27 and a 12-month high of C$27.62. The firm’s 50-day moving average price is C$22.12 and its 200-day moving average price is C$16.85. The stock has a market capitalization of C$16.26 billion, a price-to-earnings ratio of 48.11, a P/E/G ratio of -0.28 and a beta of 1.49.

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 for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%.The company had revenue of C$984.02 million for the quarter. 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. 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.