IAMGOLD (TSE:IMG) Price Target Raised to C$12.50 at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price raised by National Bankshares from C$12.00 to C$12.50 in a report released on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company’s stock.

A number of other equities research analysts have also weighed in on IMG. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Finally, Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$7.39.

IAMGOLD Stock Down 3.2 %

IMG stock opened at C$7.36 on Wednesday. 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 cap of C$4.20 billion, a P/E ratio of 23.00, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1-year low of C$3.00 and a 1-year high of C$8.80. The stock’s fifty day simple moving average is C$7.56 and its two-hundred day simple moving average is C$6.55.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Director Renaud Adams bought 36,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Insiders own 0.10% of the company’s stock.

IAMGOLD Company Profile

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.