IAMGOLD Co. (TSE:IMG) Receives Average Recommendation of “Buy” from Brokerages

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$21.20.

IMG has been the topic of a number of research reports. Stifel Nicolaus raised IAMGOLD from a “hold” rating to a “buy” rating and upped their price target for the stock from C$11.00 to C$28.00 in a research note on Monday, October 20th. Bank of America boosted their price objective on IAMGOLD from C$13.00 to C$15.50 in a report on Friday, August 29th. National Bankshares increased their target price on IAMGOLD from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Canaccord Genuity Group boosted their price target on shares of IAMGOLD from C$15.50 to C$19.50 in a research note on Thursday, October 2nd. Finally, Stifel Canada raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th.

IAMGOLD Price Performance

IAMGOLD stock opened at C$19.34 on Friday. The stock has a market capitalization of C$11.13 billion, a price-to-earnings ratio of 33.93, a PEG ratio of -0.28 and a beta of 1.14. IAMGOLD has a 52-week low of C$6.87 and a 52-week high of C$20.63. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The stock’s 50 day moving average price is C$17.09 and its two-hundred day moving average price is C$12.59.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Tuesday, November 4th. The mining company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$984.02 million for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. On average, equities analysts predict that IAMGOLD will post 1.1121076 earnings per share for the current year.

About IAMGOLD

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.