IAMGOLD Co. (TSE:IMG) Receives C$8.68 Consensus PT from Brokerages

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$8.68.

A number of research analysts have weighed in on the stock. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, National Bankshares increased their price objective on IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th.

IAMGOLD Price Performance

Shares of TSE IMG opened at C$7.86 on Friday. The firm has a market capitalization of C$3.19 billion, a P/E ratio of 4.08, a P/E/G ratio of -0.28 and a beta of 1.47. The firm’s 50-day moving average price is C$8.38 and its 200-day moving average price is C$7.68. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. IAMGOLD has a 1-year low of C$3.94 and a 1-year high of C$9.68.

Insider Transactions at IAMGOLD

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Renaud Adams bought 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of C$8.08 per share, for a total transaction of C$282,660.00. In the last ninety days, insiders purchased 40,800 shares of company stock valued at $329,549. Insiders own 0.10% of the company’s stock.

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.