Weekly Investment Analysts’ Ratings Changes for IAMGOLD (IMG)

Several analysts have recently updated their ratings and price targets for IAMGOLD (TSE: IMG):

• 10/23/2024 – IAMGOLD had its price target raised by analysts at National Bankshares, Inc. from C$11.00 to C$12.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – IAMGOLD was upgraded by analysts at Canaccord Genuity Group Inc. from a “hold” rating to a “strong-buy” rating.
• 10/21/2024 – IAMGOLD had its price target raised by analysts at Stifel Nicolaus from C$6.00 to C$9.00.
• 10/10/2024 – IAMGOLD was upgraded by analysts at National Bankshares, Inc. from a “sector perform” rating to an “outperform” rating. They now have a C$11.00 price target on the stock, up previously from C$8.50.
• 10/9/2024 – IAMGOLD was upgraded by analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating.
• 9/10/2024 – IAMGOLD was downgraded by analysts at Royal Bank of Canada from a “moderate buy” rating to a “hold” rating.

IAMGOLD Stock Down 3.4 %

Shares of TSE:IMG opened at C$8.03 on Monday. IAMGOLD Co. has a 52-week low of C$2.87 and a 52-week high of C$8.80. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The business has a fifty day moving average of C$7.08 and a two-hundred day moving average of C$5.96. The stock has a market cap of C$4.58 billion, a P/E ratio of 25.09, a PEG ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.10. The firm had revenue of C$527.18 million during the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. On average, research analysts expect that IAMGOLD Co. will post 1.1121076 earnings per share for the current year.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of IAMGOLD stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Insiders own 0.10% of the company’s stock.

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.