IAMGOLD Co. (NYSE:IAG – Get Free Report) (TSE:IMG) hit a new 52-week high during mid-day trading on Tuesday after CIBC raised their price target on the stock from $4.90 to $5.40. CIBC currently has a neutral rating on the stock. IAMGOLD traded as high as $4.80 and last traded at $4.79, with a volume of 1010819 shares traded. The stock had previously closed at $4.72.
A number of other brokerages have also recently issued reports on IAG. BMO Capital Markets restated an “outperform” rating and issued a $5.00 target price on shares of IAMGOLD in a report on Thursday, June 6th. Scotiabank upped their price target on IAMGOLD from $4.50 to $4.75 and gave the company a “sector perform” rating in a research report on Monday. Finally, StockNews.com lowered IAMGOLD from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, IAMGOLD currently has a consensus rating of “Hold” and a consensus target price of $4.13.
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IAMGOLD Stock Performance
The firm has a 50 day moving average of $3.89 and a two-hundred day moving average of $3.51. The stock has a market cap of $2.77 billion, a P/E ratio of 17.11 and a beta of 1.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.91.
IAMGOLD (NYSE:IAG – Get Free Report) (TSE:IMG) last announced its earnings results on Thursday, August 8th. The mining company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.08. The firm had revenue of $385.30 million during the quarter. IAMGOLD had a return on equity of 3.17% and a net margin of 12.48%. During the same quarter in the previous year, the company earned ($0.01) EPS. On average, research analysts predict that IAMGOLD Co. will post 0.33 EPS for the current fiscal year.
IAMGOLD Company Profile
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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