IAMGOLD (TSE:IMG) Price Target Raised to C$15.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target boosted by National Bankshares from C$13.50 to C$15.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

A number of other equities analysts also recently issued reports on the company. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Two equities 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.com, IAMGOLD presently has a consensus rating of “Buy” and an average price target of C$9.05.

IAMGOLD Stock Down 12.7 %

Shares of TSE IMG opened at C$8.02 on Wednesday. IAMGOLD has a 52-week low of C$4.72 and a 52-week high of C$9.68. The firm has a market capitalization of C$3.26 billion, a price-to-earnings ratio of 4.16, a PEG ratio of -0.28 and a beta of 1.47. The stock has a 50 day moving average price of C$8.65 and a 200 day moving average price of C$7.94. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89.

Insider Buying and Selling

In other news, Director Lawrence Peter O’hagan acquired 4,800 shares of IAMGOLD stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of C$8.11 per share, for a total transaction of C$38,918.88. Also, Director Renaud Adams bought 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of C$8.08 per share, with a total value of C$282,660.00. Insiders purchased 45,800 shares of company stock worth $370,999 in the last three months. 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.