National Bank Financial Increases IAMGOLD (TSE:IMG) Price Target to C$32.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target raised by equities research analysts at National Bank Financial from C$31.00 to C$32.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective would indicate a potential upside of 25.34% from the stock’s current price.

Separately, BMO Capital Markets lifted their price target on IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, IAMGOLD has a consensus rating of “Buy” and a consensus price target of C$31.07.

IAMGOLD Price Performance

Shares of TSE:IMG traded down C$0.03 during trading on Monday, hitting C$25.53. 1,044,942 shares of the company were exchanged, compared to its average volume of 1,963,403. IAMGOLD has a 1-year low of C$9.80 and a 1-year high of C$34.09. The company has a market capitalization of C$14.58 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of -0.28 and a beta of 2.15. The company has a quick ratio of 1.19, a current ratio of 1.89 and a debt-to-equity ratio of 15.02. The business’s 50 day moving average is C$22.15 and its 200-day moving average is C$25.02.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. The business had revenue of C$1.22 billion for the quarter. IAMGOLD had a return on equity of 26.05% and a net margin of 29.53%. Equities analysts forecast that IAMGOLD will post 1.1121076 earnings per share for the current year.

Insider Buying and Selling at IAMGOLD

In related news, Director Renaud Adams purchased 13,700 shares of IAMGOLD stock in a transaction on Monday, June 8th. The shares were purchased at an average price of C$21.89 per share, for a total transaction of C$299,893.00. Following the transaction, the director owned 646,867 shares of the company’s stock, valued at approximately C$14,159,918.63. This represents a 2.16% increase in their position. Also, insider Ankit Shah purchased 4,666 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of C$21.43 per share, with a total value of C$99,992.38. Following the purchase, the insider owned 14,323 shares of the company’s stock, valued at approximately C$306,941.89. This trade represents a 48.32% increase in their position. In the last three months, insiders purchased 28,023 shares of company stock worth $651,257. 0.10% of the stock is currently owned by insiders.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.