Iamgold Corp (IMG) Receives Average Rating of “Buy” from Analysts

Share on StockTwits

Iamgold Corp (TSE:IMG) (NYSE:IAG) has been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$8.05.

A number of research firms have recently issued reports on IMG. National Bank Financial increased their price target on shares of Iamgold from C$6.75 to C$7.00 and gave the stock an “outperform” rating in a research report on Thursday. GMP Securities reissued a “buy” rating and issued a C$6.70 price target on shares of Iamgold in a research report on Friday, February 22nd. Desjardins raised shares of Iamgold from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Finally, Canaccord Genuity reduced their price target on shares of Iamgold from C$9.00 to C$8.50 in a research report on Thursday, January 17th.

In related news, Senior Officer Peter Gordon Stothart sold 56,207 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of C$3.83, for a total transaction of C$215,272.81. Following the transaction, the insider now owns 229,655 shares of the company’s stock, valued at C$879,578.65. Also, Senior Officer Benjamin Richard Little sold 20,911 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.75, for a total transaction of C$99,327.25. Following the transaction, the insider now directly owns 38,617 shares in the company, valued at approximately C$183,430.75.

Shares of IMG traded down C$0.09 during midday trading on Friday, hitting C$4.09. The stock had a trading volume of 908,600 shares, compared to its average volume of 1,828,841. Iamgold has a fifty-two week low of C$3.64 and a fifty-two week high of C$8.20. The stock has a market cap of $1.91 billion and a price-to-earnings ratio of -68.17. The company has a debt-to-equity ratio of 14.27, a current ratio of 4.78 and a quick ratio of 3.51.

Iamgold (TSE:IMG) (NYSE:IAG) last announced its earnings results on Wednesday, February 20th. The mining company reported C($0.04) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.02). The business had revenue of C$362.56 million for the quarter. Analysts anticipate that Iamgold will post 0.119999995384616 earnings per share for the current year.

About Iamgold

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

See Also: What do I need to know about analyst ratings?

Analyst Recommendations for Iamgold (TSE:IMG)

Receive News & Ratings for Iamgold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

FARO Technologies  Set to Announce Earnings on Wednesday
FARO Technologies Set to Announce Earnings on Wednesday
CyberOptics  to Release Quarterly Earnings on Wednesday
CyberOptics to Release Quarterly Earnings on Wednesday
BB Healthcare Trust PLC  to Issue Dividend of GBX 2.43 on  August 30th
BB Healthcare Trust PLC to Issue Dividend of GBX 2.43 on August 30th
DATATEC Ltd/ADR  Declares Annual Dividend of $0.10
DATATEC Ltd/ADR Declares Annual Dividend of $0.10
Employers  Set to Announce Earnings on Wednesday
Employers Set to Announce Earnings on Wednesday
Pembina Pipeline Corp Plans Monthly Dividend of $0.20
Pembina Pipeline Corp Plans Monthly Dividend of $0.20


 
© 2006-2019 Zolmax.