IAMGOLD (TSE:IMG) Given New C$15.00 Price Target at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target upped by stock analysts at National Bankshares from C$13.50 to C$15.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would indicate a potential upside of 63.93% from the stock’s current price.

IMG has been the topic of a number of other reports. National Bank Financial raised shares of IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. Raymond James raised 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 issued a strong buy rating to the stock. According to MarketBeat, IAMGOLD presently has an average rating of “Buy” and a consensus price target of C$9.05.

IAMGOLD Stock Performance

Shares of TSE:IMG traded up C$0.12 on Wednesday, hitting C$9.15. The company had a trading volume of 1,087,763 shares, compared to its average volume of 1,858,376. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The stock has a 50 day moving average price of C$8.62 and a 200 day moving average price of C$7.90. IAMGOLD has a 1-year low of C$4.72 and a 1-year high of C$9.68. The stock has a market cap of C$3.72 billion, a price-to-earnings ratio of 4.75, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Buying and Selling

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

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.