IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) had its price target upped by National Bankshares from C$11.00 to C$12.00 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company’s stock.
Other equities analysts have also issued research reports about the company. Stifel Nicolaus raised their price target on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and a consensus target price of C$6.91.
Read Our Latest Stock Analysis on IMG
IAMGOLD Price Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.10. The company had revenue of C$527.18 million for the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. As a group, equities analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current year.
Insider Activity
In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Company insiders own 0.10% of the company’s stock.
About IAMGOLD
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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