Royal Bank of Canada upgraded shares of IAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) from a hold rating to a moderate buy rating in a report issued on Thursday morning, Zacks.com reports.
IMG has been the subject of several other reports. National Bankshares increased their price objective on IAMGOLD from C$6.50 to C$6.75 and gave the company a sector perform rating in a report on Monday, May 13th. Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Finally, Canaccord Genuity Group raised their price target on 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 and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of C$5.09.
Get Our Latest Stock Analysis on IAMGOLD
IAMGOLD Price Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Thursday, May 9th. The mining company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.12. The business had revenue of C$456.89 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. On average, research analysts expect that IAMGOLD will post 0.5381084 EPS for the current fiscal year.
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.
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