Stifel Nicolaus Forecasts Strong Price Appreciation for IAMGOLD (TSE:IMG) Stock

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target hoisted by equities research analysts at Stifel Nicolaus from C$28.00 to C$40.00 in a research note issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 31.15% from the stock’s current price.

A number of other analysts also recently issued reports on IMG. TD Securities raised their price target on shares of IAMGOLD from C$24.00 to C$34.00 in a report on Thursday, January 22nd. National Bank Financial lifted their price objective on IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, IAMGOLD currently has an average rating of “Buy” and a consensus price target of C$27.17.

IAMGOLD Stock Up 4.1%

TSE:IMG opened at C$30.50 on Tuesday. The firm has a market capitalization of C$18.09 billion, a price-to-earnings ratio of 53.51, a price-to-earnings-growth ratio of -0.28 and a beta of 1.60. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. IAMGOLD has a twelve month low of C$7.27 and a twelve month high of C$30.54. The stock’s 50 day moving average price is C$24.52 and its two-hundred day moving average price is C$18.79.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Tuesday, November 4th. The mining company reported C$0.30 earnings per share for the quarter. The company 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%. Equities research analysts expect that IAMGOLD will post 1.1121076 earnings per share 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.