IAMGOLD (TSE:IMG) Price Target Raised to C$40.00 at Stifel Nicolaus

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price hoisted by research analysts at Stifel Nicolaus from C$28.00 to C$40.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 36.10% from the company’s previous close.

IMG has been the topic of a number of other reports. TD Securities upped their price objective on IAMGOLD from C$24.00 to C$34.00 in a report on Thursday, January 22nd. National Bankshares upped their price objective on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$27.17.

IAMGOLD Stock Performance

Shares of TSE IMG traded up C$0.50 during mid-day trading on Tuesday, hitting C$29.39. The stock had a trading volume of 1,084,864 shares, compared to its average volume of 2,529,064. IAMGOLD has a twelve month low of C$7.27 and a twelve month high of C$30.30. 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 firm has a market cap of C$17.43 billion, a PE ratio of 51.56, a PEG ratio of -0.28 and a beta of 1.60. The company has a 50 day moving average of C$24.16 and a two-hundred day moving average of C$18.57.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Tuesday, November 4th. The mining company reported C$0.30 earnings per share for the quarter. The company had revenue of C$984.02 million during the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%. Research analysts predict that IAMGOLD will post 1.1121076 EPS 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.