IAMGOLD (TSE:IMG) Stock Price Expected to Rise, National Bankshares Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price boosted by analysts at National Bankshares from C$28.00 to C$34.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would suggest a potential upside of 18.51% from the company’s previous close.

A number of other research analysts also recently commented on IMG. Stifel Nicolaus upgraded IAMGOLD from a “hold” rating to a “buy” rating and increased their price objective for the company from C$11.00 to C$28.00 in a report on Monday, October 20th. Canaccord Genuity Group raised their price objective on shares of IAMGOLD from C$15.50 to C$19.50 in a report on Thursday, October 2nd. Finally, TD Securities upped their target price on shares of IAMGOLD from C$24.00 to C$34.00 in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$25.17.

IAMGOLD Price Performance

Shares of IMG opened at C$28.69 on Friday. IAMGOLD has a twelve month low of C$7.27 and a twelve month high of C$29.01. The firm’s fifty day simple moving average is C$22.61 and its 200-day simple moving average is C$17.17. The firm has a market capitalization of C$17.01 billion, a price-to-earnings ratio of 50.33, a PEG ratio of -0.28 and a beta of 1.49. 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 (TSE:IMG) (NYSE:IAG) last issued its earnings results on Tuesday, November 4th. The mining company reported C$0.30 EPS for the quarter. The firm had revenue of C$984.02 million during the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. Equities analysts forecast that IAMGOLD will post 1.1121076 EPS for the current fiscal year.

About IAMGOLD

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.