IAMGOLD (TSE:IMG) Price Target Raised to C$6.75 at National Bankshares

IAMGOLD (TSE:IMGGet Free Report) (NYSE:IAG) had its price objective lifted by equities research analysts at National Bankshares from C$6.50 to C$6.75 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the mining company’s stock. National Bankshares’ target price points to a potential upside of 16.78% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. Stifel Nicolaus increased their price objective on shares of IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Canaccord Genuity Group lifted their target price on IAMGOLD from C$3.75 to C$5.50 in a research report on Tuesday, April 23rd. Finally, Bank of America upped their target price on IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$5.03.

Check Out Our Latest Research Report on IMG

IAMGOLD Trading Down 1.5 %

Shares of TSE:IMG traded down C$0.09 during mid-day trading on Monday, reaching C$5.78. The stock had a trading volume of 846,714 shares, compared to its average volume of 1,269,245. The firm has a market cap of C$2.87 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. The firm has a 50 day simple moving average of C$4.69 and a two-hundred day simple moving average of C$3.81. The company has a current ratio of 0.91, a quick ratio of 1.19 and a debt-to-equity ratio of 40.77. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$5.94.

IAMGOLD (TSE:IMGGet Free Report) (NYSE:IAG) last released its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.06. The business had revenue of C$405.19 million during the quarter. IAMGOLD had a net margin of 12.48% and a return on equity of 6.57%. On average, research analysts predict that IAMGOLD will post 0.2876041 EPS for the current fiscal year.


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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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