IAMGOLD Co. (TSE:IMG) Receives Consensus Recommendation of “Buy” from Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$27.50.

A number of equities research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. National Bank Financial increased their price objective on shares of IAMGOLD from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Finally, TD Securities raised their target price on IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday.

IAMGOLD Trading Up 4.5%

Shares of IMG stock traded up C$1.31 during mid-day trading on Thursday, hitting C$30.48. The company’s stock had a trading volume of 1,757,459 shares, compared to its average volume of 2,489,965. The company has a market cap of C$18.08 billion, a PE ratio of 53.47, a P/E/G ratio of -0.28 and a beta of 1.60. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The company’s fifty day simple moving average is C$25.29 and its 200-day simple moving average is C$19.47. IAMGOLD has a 52 week low of C$7.27 and a 52 week high of C$30.54.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Tuesday, February 17th. The mining company reported C$0.96 earnings per share (EPS) for the quarter. The firm had revenue of C$1.46 billion for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%. As a group, equities research analysts expect that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.