Canaccord Genuity Group Boosts IAMGOLD (TSE:IMG) Price Target to C$6.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target increased by Canaccord Genuity Group from C$5.50 to C$6.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts also recently commented on IMG. National Bank Financial restated a sector perform spec overwgt rating on shares of IAMGOLD in a research report on Monday, April 8th. National Bankshares upped their price objective on shares of IAMGOLD from C$6.50 to C$6.75 and gave the company a sector perform rating in a research note on Monday, May 13th. Bank of America upped their price objective on shares of IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Finally, Stifel Nicolaus upped their price objective on shares of IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of C$5.09.

IAMGOLD Trading Down 1.8 %

Shares of TSE:IMG opened at C$5.42 on Tuesday. The company has a 50 day moving average of C$5.38 and a 200-day moving average of C$4.60. The firm has a market cap of C$2.69 billion, a P/E ratio of 14.26, a P/E/G ratio of -0.28 and a beta of 1.51. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$6.24. The company has a current ratio of 0.91, a quick ratio of 1.19 and a debt-to-equity ratio of 40.77.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Thursday, May 9th. The mining company reported C$0.15 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.12. IAMGOLD had a net margin of 12.48% and a return on equity of 6.57%. The business had revenue of C$456.89 million during the quarter. As a group, analysts anticipate that IAMGOLD will post 0.3658863 earnings per share for the current fiscal 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.