IAMGOLD Co. (TSE:IMG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$31.25.

Several research firms recently issued reports on IMG. National Bank Financial upped their price target on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. TD Securities upped their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. Finally, Bank of America upped their price target on shares of IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th.

IAMGOLD Trading Down 3.4%

IMG opened at C$25.89 on Friday. The stock has a market capitalization of C$15.07 billion, a PE ratio of 22.71, a P/E/G ratio of -0.28 and a beta of 2.11. The firm’s fifty day moving average price is C$27.96 and its 200 day moving average price is C$23.59. The company has a debt-to-equity ratio of 20.08, a current ratio of 1.75 and a quick ratio of 1.19. IAMGOLD has a 12-month low of C$8.46 and a 12-month high of C$34.09.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Wednesday, February 18th. The mining company reported C$0.96 earnings per share (EPS) for the quarter. The firm had revenue of C$1.46 billion for the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%. As a group, research analysts expect that IAMGOLD will post 1.1121076 EPS for the current fiscal year.

IAMGOLD Company Profile

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. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.