National Bank Financial Reiterates Sector Perform Spec Overwgt Rating for IAMGOLD (TSE:IMG)

IAMGOLD (TSE:IMGGet Free Report) (NYSE:IAG)‘s stock had its “sector perform spec overwgt” rating reiterated by analysts at National Bank Financial in a report released on Monday.

Several other brokerages also recently commented on IMG. National Bankshares raised their target price on shares of IAMGOLD from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a report on Tuesday, December 19th. Bank of America raised their target price on shares of IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday. BMO Capital Markets dropped their target price on shares of IAMGOLD from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Tuesday, December 19th. Finally, Stifel Nicolaus dropped their target price on shares of IAMGOLD from C$3.50 to C$3.00 and set a “hold” rating on the stock in a report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$4.31.

Read Our Latest Research Report on IMG

IAMGOLD Stock Performance

Shares of TSE:IMG opened at C$5.14 on Monday. The company has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of -0.28 and a beta of 1.44. The firm’s 50 day simple moving average is C$4.00 and its 200 day simple moving average is C$3.51. The company has a debt-to-equity ratio of 42.05, a current ratio of 1.20 and a quick ratio of 1.19. IAMGOLD has a fifty-two week low of C$2.71 and a fifty-two week high of C$5.25.

IAMGOLD (TSE:IMGGet Free Report) (NYSE:IAG) last announced its earnings results on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.06. The firm had revenue of C$405.19 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. As a group, sell-side analysts forecast that IAMGOLD will post 0.0746963 earnings per share for the current year.

IAMGOLD Company Profile

(Get Free Report)

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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Analyst Recommendations for IAMGOLD (TSE:IMG)

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