IAMGOLD Co. (TSE:IMG) Receives Average Rating of “Buy” from Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus rating of “Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$27.50.

A number of equities analysts have commented on the stock. National Bank Financial lifted 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 note on Friday, January 23rd. TD Securities lifted their price target on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Stifel Nicolaus upped their price objective on IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th.

IAMGOLD Stock Performance

TSE:IMG opened at C$31.43 on Thursday. The company has a market cap of C$18.64 billion, a price-to-earnings ratio of 55.14, a PEG ratio of -0.28 and a beta of 1.60. IAMGOLD has a 1 year low of C$7.27 and a 1 year high of C$32.00. The stock’s 50 day simple moving average is C$26.20 and its two-hundred day simple moving average is C$20.20. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Tuesday, February 17th. The mining company reported C$0.96 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$1.46 billion during the quarter. As a group, equities analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

IAMGOLD Company Profile

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.