IAMGOLD (TSE:IMG) Price Target Raised to C$35.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price hoisted by National Bank Financial from C$32.00 to C$35.00 in a research note released on Monday morning,BayStreet reports. The brokerage currently has an outperform rating on the mining company’s stock.

Separately, Jefferies Financial Group raised IAMGOLD to a “strong-buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$33.42.

IAMGOLD Trading Down 4.7%

Shares of TSE:IMG opened at C$28.05 on Monday. IAMGOLD has a 12-month low of C$15.30 and a 12-month high of C$34.09. The stock has a market cap of C$16.02 billion, a PE ratio of 14.17, a P/E/G ratio of -0.28 and a beta of 2.33. The business has a 50 day moving average of C$25.45 and a 200-day moving average of C$24.74. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. The company had revenue of C$1.22 billion for the quarter. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%. As a group, equities research analysts forecast that IAMGOLD will post 1.1121076 earnings per share for the current year.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.