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.

About IAMGOLD

(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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