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

IAMGOLD (TSE:IMGGet Free Report) (NYSE:IAG) had its target price lifted by investment analysts at National Bankshares from C$15.00 to C$16.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would indicate a potential upside of 59.20% from the company’s current price.

A number of other brokerages also recently issued reports on IMG. BMO Capital Markets upgraded IAMGOLD to a “strong-buy” rating in a research note on Wednesday, April 16th. Stifel Nicolaus upped their price objective on IAMGOLD from C$9.50 to C$11.00 in a report on Monday, April 21st. Finally, National Bank Financial upgraded IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD currently has an average rating of “Buy” and an average price target of C$11.00.

Check Out Our Latest Research Report on IMG

IAMGOLD Trading Up 1.0%

IAMGOLD stock opened at C$10.05 on Tuesday. The business has a 50-day simple moving average of C$9.78 and a two-hundred day simple moving average of C$8.90. The company has a market cap of C$4.08 billion, a P/E ratio of 5.22, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 52-week low of C$4.90 and a 52-week high of C$11.63. 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 Company Profile

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IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.

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Analyst Recommendations for IAMGOLD (TSE:IMG)

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