National Bankshares Boosts IAMGOLD (TSE:IMG) Price Target to C$15.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target increased by National Bankshares from C$13.50 to C$15.00 in a research note released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

A number of other analysts have also recently commented on the stock. National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD has a consensus rating of “Buy” and an average price target of C$9.05.

IAMGOLD Stock Up 2.5 %

Shares of TSE IMG opened at C$9.26 on Wednesday. IAMGOLD has a 52-week low of C$4.72 and a 52-week high of C$9.68. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The stock has a market cap of C$3.76 billion, a P/E ratio of 4.81, a P/E/G ratio of -0.28 and a beta of 1.47. The firm has a 50 day moving average price of C$8.65 and a 200 day moving average price of C$7.92.

Insider Buying and Selling

In related news, Senior Officer Bruno Lemelin sold 15,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Renaud Adams bought 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of C$8.08 per share, with a total value of C$282,660.00. In the last ninety days, insiders purchased 45,800 shares of company stock valued at $370,999. Company 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.