IAMGOLD Co. (TSE:IMG) Given Average Rating of “Buy” by Brokerages

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

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Royal Bank of Canada downgraded 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 report on Tuesday, October 22nd. National Bankshares lifted their target price on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

IAMGOLD Stock Up 0.3 %

Shares of TSE:IMG opened at C$7.56 on Thursday. The company has a market cap of C$4.31 billion, a price-to-earnings ratio of 23.63, a PEG ratio of -0.28 and a beta of 1.47. The firm’s 50-day simple moving average is C$7.38 and its 200-day simple moving average is C$6.37. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. IAMGOLD has a fifty-two week low of C$2.87 and a fifty-two week high of C$8.80.

Insider Activity at IAMGOLD

In other IAMGOLD news, 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. Also, Director Renaud Adams bought 36,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of C$6.95 per share, with a total value of C$250,102.80. 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.