IAMGOLD (TSE:IMG) Price Target Raised to C$32.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price increased by BMO Capital Markets from C$27.00 to C$32.00 in a report published on Wednesday morning,BayStreet.CA reports.

Other analysts have also issued reports about the company. Bank of America lifted their price target on IAMGOLD from C$32.50 to C$38.00 in a research note on Thursday, February 26th. National Bank Financial lifted their price target on IAMGOLD from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. TD Securities lifted their price target on IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Stifel Nicolaus lifted their price target on IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$32.07.

IAMGOLD Stock Performance

Shares of IMG stock opened at C$23.52 on Wednesday. The business’s 50-day moving average price is C$27.43 and its 200-day moving average price is C$23.84. IAMGOLD has a 12 month low of C$8.46 and a 12 month high of C$34.09. The firm has a market capitalization of C$13.69 billion, a price-to-earnings ratio of 20.63, a PEG ratio of -0.28 and a beta of 2.11. The company has a current ratio of 1.75, a quick ratio of 1.19 and a debt-to-equity ratio of 20.08.

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