IAMGOLD (TSE:IMG) Price Target Raised to C$13.50

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price increased by National Bankshares from C$12.00 to C$13.50 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other brokerages have also issued reports on IMG. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus lifted their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$8.68.

IAMGOLD Trading Down 1.5 %

Shares of IMG stock opened at C$9.28 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The business has a 50-day moving average price of C$8.12 and a two-hundred day moving average price of C$7.37. IAMGOLD has a 12-month low of C$3.18 and a 12-month high of C$9.68. The firm has a market cap of C$3.77 billion, a P/E ratio of 4.82, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

Insider Transactions at IAMGOLD

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