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

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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.

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Analyst Recommendations for Iamgold (TSE:IMG)

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