IAMGOLD (TSE:IMG) Upgraded by National Bank Financial to “Strong-Buy”

National Bank Financial upgraded shares of IAMGOLD (TSE:IMG) (NYSE:IAG) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

IMG has been the subject of a number of other research reports. Royal Bank of Canada cut shares of IAMGOLD from a moderate buy rating to a hold rating in a research note on Tuesday, September 10th. National Bankshares upgraded shares of IAMGOLD from a sector perform rating to an outperform rating and upped their price target for the company from C$8.50 to C$11.00 in a report on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of IAMGOLD from C$5.50 to C$6.00 in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$6.12.

IAMGOLD Price Performance

IMG opened at C$6.68 on Wednesday. The company has a market capitalization of C$3.81 billion, a price-to-earnings ratio of 20.88, a PEG ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The firm has a 50-day moving average price of C$6.62 and a 200-day moving average price of C$5.71. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$7.55.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.10. The firm had revenue of C$527.18 million during the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. Equities analysts expect that IAMGOLD will post 1.1121076 EPS for the current year.

Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Company 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.