IAMGOLD Co. (TSE:IMG) Receives C$7.29 Consensus Target Price from Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have earned an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$7.29.

A number of research analysts recently commented on IMG shares. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus lifted their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bankshares upped their price target on IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, Director Renaud Adams bought 36,000 shares of IAMGOLD stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. Insiders own 0.10% of the company’s stock.

IAMGOLD Stock Down 6.4 %

Shares of TSE IMG opened at C$7.48 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. IAMGOLD has a 12 month low of C$2.87 and a 12 month high of C$8.80. The firm has a market capitalization of C$4.27 billion, a price-to-earnings ratio of 23.38, a PEG ratio of -0.28 and a beta of 1.47. The business has a 50-day moving average of C$7.37 and a 200-day moving average of C$6.33.

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.