IAMGOLD Co. (TSE:IMG) Receives C$7.29 Consensus PT from Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus rating of “Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$7.29.

A number of analysts have commented on IMG shares. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Stifel Nicolaus lifted their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares lifted their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd.

IAMGOLD Price Performance

Shares of IMG opened at C$7.99 on Thursday. The company has a market capitalization of C$4.56 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$8.80. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The firm has a 50 day moving average of C$7.37 and a 200 day moving average of C$6.32.

Insider Buying and Selling at IAMGOLD

In other news, Senior Officer Stephen Eddy sold 16,100 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total value of C$125,580.00. Also, Director Renaud Adams bought 36,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. Corporate insiders own 0.10% of the company’s stock.

About IAMGOLD

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.