Analysts Set IAMGOLD Co. (TSE:IMG) Target Price at C$8.68

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has received a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$8.68.

A number of analysts have recently commented on the stock. National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. National Bankshares boosted their price objective on shares of IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

Insider Buying and Selling at IAMGOLD

In other news, Senior Officer Bruno Lemelin sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Renaud Adams purchased 35,000 shares of IAMGOLD stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$8.08 per share, with a total value of C$282,660.00. In the last ninety days, insiders bought 45,800 shares of company stock worth $370,999. 0.10% of the stock is owned by corporate insiders.

IAMGOLD Trading Down 0.3 %

TSE IMG opened at C$8.98 on Thursday. The stock’s 50 day moving average is C$8.61 and its 200 day moving average is C$7.89. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The firm has a market capitalization of C$3.65 billion, a PE ratio of 4.66, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a twelve month low of C$4.70 and a twelve month high of C$9.68.

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.