Stifel Nicolaus Boosts IAMGOLD (TSE:IMG) Price Target to C$5.25

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective upped by investment analysts at Stifel Nicolaus from C$3.00 to C$5.25 in a report released on Friday, BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 3.75% from the company’s current price.

Other analysts have also issued research reports about the stock. Bank of America lifted their price objective on shares of IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$4.92.

IAMGOLD Stock Performance

TSE IMG traded up C$0.04 during trading hours on Friday, hitting C$5.06. The company had a trading volume of 504,091 shares, compared to its average volume of 1,249,503. The company has a debt-to-equity ratio of 42.05, a quick ratio of 1.19 and a current ratio of 1.20. IAMGOLD has a 1-year low of C$2.71 and a 1-year high of C$5.38. The company has a market cap of C$2.51 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. The business has a 50 day moving average of C$4.17 and a 200-day moving average of C$3.58.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. The firm had revenue of C$405.19 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. As a group, equities research analysts expect that IAMGOLD will post 0.0746963 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.