IAMGOLD Co. (TSE:IMG) Receives C$7.29 Average PT from Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been given a consensus recommendation of “Buy” by the six analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$8.43.

A number of analysts recently issued reports on IMG shares. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Stifel Nicolaus raised their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st.

Insider Buying and Selling

In other news, Director Renaud Adams bought 36,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Corporate insiders own 0.10% of the company’s stock.

IAMGOLD Trading Down 3.2 %

IAMGOLD stock opened at C$7.36 on Monday. The stock has a market cap of C$4.20 billion, a P/E ratio of 23.00, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1 year low of C$3.00 and a 1 year high of C$8.80. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm’s 50 day moving average price is C$7.56 and its 200-day moving average price is C$6.55.

IAMGOLD Company Profile

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.