IAMGOLD (TSE:IMG) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

IAMGOLD Co. (TSE:IMG) (NYSE:IAG)’s stock price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$25.45 and traded as high as C$26.57. IAMGOLD shares last traded at C$26.44, with a volume of 3,516,318 shares.

Analyst Ratings Changes

A number of brokerages have commented on IMG. Jefferies Financial Group raised IAMGOLD to a “strong-buy” rating in a report on Thursday, August 20th. TD set a C$34.00 price target on IAMGOLD and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Finally, National Bank Financial boosted their price target on IAMGOLD from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$35.83.

IAMGOLD Price Performance

The stock has a market cap of C$15.10 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of -0.28 and a beta of 2.54. The stock’s fifty day moving average is C$26.19 and its 200-day moving average is C$25.45. The company has a debt-to-equity ratio of 12.27, a current ratio of 1.71 and a quick ratio of 1.19.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Thursday, November 5th. The mining company reported C$0.60 EPS for the quarter. The company had revenue of C$1.22 billion for the quarter. IAMGOLD had a net margin of 31.46% and a return on equity of 28.08%. As a group, equities analysts anticipate that IAMGOLD Co. will post 1.11 EPS for the current year.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.