IAMGOLD Co. (TSE:IMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been assigned a consensus rating of “Moderate Buy” from the four brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$5.70.

Several research firms have weighed in on IMG. Canaccord Genuity Group increased their target price on shares of IAMGOLD from C$5.50 to C$6.00 in a report on Tuesday, July 23rd. National Bankshares increased their target price on IAMGOLD from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada upgraded IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 8th.

Insider Activity

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of IAMGOLD stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total value of C$99,206.80. 0.10% of the stock is currently owned by insiders.

IAMGOLD Stock Performance

IMG stock opened at C$6.71 on Friday. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$7.21. 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 company has a market cap of C$3.83 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The business’s fifty day moving average is C$6.07 and its 200-day moving average is C$5.31.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.10. The company had revenue of C$527.18 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. Equities research analysts forecast that IAMGOLD will post 0.4951311 EPS for the current year.

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.