IAMGOLD (TSE:IMG) Stock Price Expected to Rise, National Bankshares Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target raised by equities researchers at National Bankshares from C$13.50 to C$15.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price target suggests a potential upside of 63.93% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, IAMGOLD has a consensus rating of “Buy” and a consensus price target of C$9.05.

IAMGOLD Stock Up 1.3 %

IAMGOLD stock traded up C$0.12 during trading hours on Wednesday, reaching C$9.15. The stock had a trading volume of 1,087,763 shares, compared to its average volume of 1,858,376. IAMGOLD has a 52 week low of C$4.72 and a 52 week high of C$9.68. The company has a market cap of C$3.72 billion, a price-to-earnings ratio of 4.75, a PEG ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The business’s 50 day moving average price is C$8.62 and its 200-day moving average price is C$7.90.

Insider Buying and Selling at IAMGOLD

In other news, Director Renaud Adams bought 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of C$8.08 per share, with a total value of C$282,660.00. Also, Director Lawrence Peter O’hagan bought 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was bought at an average price of C$8.11 per share, with a total value of C$38,918.88. Over the last three months, insiders have acquired 45,800 shares of company stock valued at $370,999. Company insiders own 0.10% of the company’s stock.

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.