IAMGOLD Co. (TSE:IMG) Given Consensus Rating of “Buy” by Brokerages

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has received a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$27.50.

Several brokerages have issued reports on IMG. TD Securities lifted their price objective on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Stifel Nicolaus boosted their price target on IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. Finally, National Bank Financial increased their price objective on IAMGOLD from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd.

IAMGOLD Stock Up 2.5%

IMG opened at C$31.18 on Thursday. The business’s 50-day simple moving average is C$25.83 and its 200-day simple moving average is C$19.97. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. IAMGOLD has a one year low of C$7.27 and a one year high of C$31.57. The stock has a market capitalization of C$18.49 billion, a P/E ratio of 54.70, a price-to-earnings-growth ratio of -0.28 and a beta of 1.60.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Tuesday, February 17th. The mining company reported C$0.96 EPS for the quarter. The company had revenue of C$1.46 billion for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%. Analysts anticipate that IAMGOLD will post 1.1121076 EPS 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.