Analysts Set IAMGOLD Co. (TSE:IMG) Price Target at C$7.29

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have earned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$8.43.

A number of research firms have recently issued reports on IMG. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, National Bankshares increased their price objective on IAMGOLD from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Wednesday.

IAMGOLD Trading Down 3.2 %

Shares of TSE:IMG opened at C$7.36 on Monday. 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 stock has a market capitalization of C$4.20 billion, a price-to-earnings ratio of 23.00, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1-year low of C$3.00 and a 1-year high of C$8.80. The company has a 50 day moving average price of C$7.56 and a 200 day moving average price of C$6.55.

Insider Transactions at IAMGOLD

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the 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. 0.10% of the stock is owned by insiders.

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.