IAMGOLD Co. (TSE:IMG) Receives Average Recommendation of “Buy” from Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned an average rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$8.30.

A number of research firms have recently issued reports on IMG. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. National Bankshares reduced their target price on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

IAMGOLD Trading Up 1.6 %

TSE:IMG opened at C$8.27 on Friday. 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$7.59 and a 200 day moving average of C$6.83. IAMGOLD has a 52 week low of C$3.00 and a 52 week high of C$8.80. The stock has a market capitalization of C$4.72 billion, a price-to-earnings ratio of 25.84, a PEG ratio of -0.28 and a beta of 1.47.

Insider Activity

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

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.