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

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price hoisted by National Bankshares from C$12.00 to C$13.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price target suggests a potential upside of 46.26% from the company’s current price.

IMG has been the subject of a number of other research reports. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$8.68.

IAMGOLD Stock Performance

IMG stock remained flat at C$9.23 during trading on Tuesday. The company had a trading volume of 1,416,526 shares, compared to its average volume of 1,768,399. The firm’s fifty day moving average is C$8.07 and its two-hundred day moving average is C$7.33. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The stock has a market capitalization of C$5.26 billion, a P/E ratio of 28.84, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a twelve month low of C$3.15 and a twelve month high of C$9.68.

Insider Buying and Selling

In related news, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. 0.10% of the stock is owned by insiders.

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.