IAMGOLD Co. (TSE:IMG) Receives C$8.68 Consensus PT from Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$8.68.

IMG has been the topic of a number of analyst reports. National Bankshares lifted their price objective on shares of IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. National Bank Financial raised shares of IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

IAMGOLD Stock Performance

Shares of TSE:IMG opened at C$9.01 on Thursday. The business’s 50-day simple moving average is C$8.59 and its 200 day simple moving average is C$7.88. The company has a market cap of C$3.66 billion, a P/E ratio of 4.68, a PEG ratio of -0.28 and a beta of 1.47. 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$4.70 and a one year high of C$9.68.

Insider Activity at IAMGOLD

In other news, Director Lawrence Peter O’hagan bought 4,800 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of C$8.11 per share, for a total transaction of C$38,918.88. Also, Director Renaud Adams purchased 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of C$8.08 per share, with a total value of C$282,660.00. Insiders have purchased 45,800 shares of company stock valued at $370,999 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

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.