IAMGOLD Co. (TSE:IMG) Receives Average Rating of “Buy” from Brokerages

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$25.17.

A number of equities research analysts have recently issued reports on the company. National Bankshares boosted their target price on IAMGOLD from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday. Canaccord Genuity Group boosted their price objective on IAMGOLD from C$15.50 to C$19.50 in a report on Thursday, October 2nd. TD Securities upped their price objective on shares of IAMGOLD from C$24.00 to C$34.00 in a research note on Thursday. Finally, Stifel Nicolaus raised shares of IAMGOLD from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$11.00 to C$28.00 in a research report on Monday, October 20th.

IAMGOLD Stock Up 4.0%

IMG stock opened at C$28.69 on Wednesday. The firm has a market cap of C$17.01 billion, a PE ratio of 50.33, a P/E/G ratio of -0.28 and a beta of 1.49. IAMGOLD has a 12 month low of C$7.27 and a 12 month high of C$29.01. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The firm has a 50 day simple moving average of C$22.61 and a 200 day simple moving average of C$17.23.

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