IAMGOLD (TSE:IMG) Stock Price Expected to Rise, National Bank Financial Analyst Says

IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) had its price objective increased by research analysts at National Bank Financial from C$32.00 to C$35.00 in a research report issued on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective would suggest a potential upside of 23.37% from the company’s previous close.

Separately, Jefferies Financial Group raised shares of IAMGOLD to a “strong-buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and an average target price of C$33.42.

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IAMGOLD Stock Down 3.0%

TSE:IMG traded down C$0.88 during midday trading on Monday, reaching C$28.37. The company had a trading volume of 1,281,096 shares, compared to its average volume of 1,954,820. The firm has a market capitalization of C$16.20 billion, a price-to-earnings ratio of 14.33, a PEG ratio of -0.28 and a beta of 2.33. The stock’s fifty day simple moving average is C$25.00 and its 200-day simple moving average is C$24.78. IAMGOLD has a 12-month low of C$15.30 and a 12-month high of C$34.09. The company has a current ratio of 1.71, a quick ratio of 1.19 and a debt-to-equity ratio of 12.27.

IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last issued its quarterly earnings results on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. The company had revenue of C$1.22 billion for the quarter. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%. On average, sell-side analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

IAMGOLD Company Profile

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IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.

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