IAMGOLD (TSE:IMG) PT Raised to C$12.00 at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective increased by National Bankshares from C$11.00 to C$12.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Several other equities analysts also recently weighed in on the stock. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Stifel Nicolaus increased their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note 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. Finally, Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$6.91.

IAMGOLD Trading Down 3.4 %

TSE:IMG opened at C$8.03 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The firm has a fifty day simple moving average of C$7.08 and a 200-day simple moving average of C$5.96. IAMGOLD has a 12 month low of C$2.87 and a 12 month high of C$8.80. The company has a market capitalization of C$4.58 billion, a P/E ratio of 25.09, a PEG ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.10. The company had revenue of C$527.18 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. On average, equities research analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current year.

Insider Activity at IAMGOLD

In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Company 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.