National Bankshares Raises IAMGOLD (TSE:IMG) Price Target to C$12.50

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target boosted by equities research analysts at National Bankshares from C$12.00 to C$12.50 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would indicate a potential upside of 70.07% from the company’s previous close.

A number of other equities analysts also recently issued reports on IMG. Canaccord Genuity Group upgraded 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 report on Monday, December 2nd. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Finally, National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$8.43.

IAMGOLD Price Performance

Shares of IMG stock opened at C$7.35 on Wednesday. The business’s 50 day moving average price is C$7.58 and its 200-day moving average price is C$6.56. IAMGOLD has a fifty-two week low of C$3.00 and a fifty-two week high of C$8.80. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The firm has a market cap of C$4.19 billion, a P/E ratio of 22.97, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Buying and Selling

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction that occurred on 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, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. 0.10% of the stock is currently owned by 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.