IAMGOLD (TSE:IMG) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target lifted by equities research analysts at Stifel Nicolaus from C$28.00 to C$40.00 in a report released on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 36.10% from the company’s current price.

A number of other equities analysts also recently weighed in on IMG. TD Securities upped their price target on IAMGOLD from C$24.00 to C$34.00 in a research report on Thursday, January 22nd. National Bankshares upped their price objective on shares of IAMGOLD from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$27.17.

IAMGOLD Stock Up 1.7%

TSE IMG traded up C$0.50 during trading on Tuesday, reaching C$29.39. The company’s stock had a trading volume of 1,084,864 shares, compared to its average volume of 2,529,064. The stock has a market capitalization of C$17.43 billion, a PE ratio of 51.56, a PEG ratio of -0.28 and a beta of 1.60. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. IAMGOLD has a 1-year low of C$7.27 and a 1-year high of C$30.30. The business has a 50-day moving average price of C$24.16 and a 200-day moving average price of C$18.57.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Tuesday, November 4th. The mining company reported C$0.30 EPS for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%.The firm had revenue of C$984.02 million during the quarter. On average, research analysts forecast that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

About IAMGOLD

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.