IAMGOLD (TSE:IMG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price upped by BMO Capital Markets from C$27.00 to C$32.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 34.28% from the company’s current price.

Several other analysts have also issued reports on the company. Bank of America boosted their target price on IAMGOLD from C$32.50 to C$38.00 in a research note on Thursday, February 26th. National Bank Financial boosted their price objective on IAMGOLD from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. TD Securities increased their target price on shares of IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Stifel Nicolaus increased their target price on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$32.07.

IAMGOLD Stock Performance

Shares of IMG stock traded up C$0.81 during trading hours on Wednesday, hitting C$23.83. 868,920 shares of the company were exchanged, compared to its average volume of 2,310,320. IAMGOLD has a 52-week low of C$8.46 and a 52-week high of C$34.09. The company has a current ratio of 1.75, a quick ratio of 1.19 and a debt-to-equity ratio of 20.08. The firm has a fifty day simple moving average of C$27.77 and a 200 day simple moving average of C$23.81. The stock has a market capitalization of C$13.87 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of -0.28 and a beta of 2.11.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Wednesday, February 18th. The mining company reported C$0.96 earnings per share for the quarter. IAMGOLD had a return on equity of 18.40% and a net margin of 23.37%.The business had revenue of C$1.46 billion during the quarter. Research analysts predict 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.