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

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$10.67.

A number of brokerages have weighed in on IMG. Stifel Nicolaus upped their price objective on shares of IAMGOLD from C$9.50 to C$11.00 in a report on Monday, April 21st. National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. BMO Capital Markets upgraded shares of IAMGOLD to a “strong-buy” rating in a research note on Wednesday, April 16th. Finally, National Bankshares upped their target price on shares of IAMGOLD from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd.

IAMGOLD Price Performance

Shares of IMG opened at C$10.14 on Tuesday. The stock has a market cap of C$4.12 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. IAMGOLD has a fifty-two week low of C$4.89 and a fifty-two week high of C$11.63. The firm’s 50-day simple moving average is C$9.76 and its two-hundred day simple moving average is C$8.78.

IAMGOLD Company Profile

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.