IAMGOLD Co. (TSE:IMG) Receives C$7.29 Average Target Price from Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been assigned 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 rating, one has issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$8.43.

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

IAMGOLD Trading Up 1.5 %

Shares of TSE:IMG opened at C$7.46 on Monday. The company has a market cap of C$4.25 billion, a PE ratio of 23.31, a P/E/G ratio of -0.28 and a beta of 1.47. The company’s 50 day moving average is C$7.60 and its two-hundred day moving average is C$6.58. IAMGOLD has a 52 week low of C$3.00 and a 52 week high of C$8.80. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Insider Buying and Selling

In related news, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. 0.10% of the stock is currently owned by company 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.