IAMGOLD Co. (TSE:IMG) Receives C$17.40 Consensus Target Price from Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, two have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$17.80.

IMG has been the topic of several research reports. Cormark boosted their target price on IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. National Bankshares boosted their target price on IAMGOLD from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada upgraded IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Canaccord Genuity Group boosted their target price on IAMGOLD from C$15.50 to C$19.50 in a research note on Thursday, October 2nd. Finally, Bank of America boosted their target price on IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th.

IAMGOLD Trading Up 4.9%

TSE IMG opened at C$20.05 on Monday. The stock has a market capitalization of C$11.53 billion, a price-to-earnings ratio of 14.02, a PEG ratio of -0.28 and a beta of 1.30. The stock’s 50 day moving average price is C$14.70 and its two-hundred day moving average price is C$11.42. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. IAMGOLD has a 52 week low of C$6.87 and a 52 week high of C$20.20.

About IAMGOLD

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.