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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$5.03.

A number of brokerages have weighed in on IMG. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. National Bankshares increased their target price on shares of IAMGOLD from C$6.50 to C$6.75 and gave the stock a “sector perform” rating in a report on Monday, May 13th. Stifel Nicolaus raised their price target on IAMGOLD from C$3.00 to C$5.25 in a research report on Friday, April 19th. Bank of America raised their price target on IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Finally, Canaccord Genuity Group lifted their target price on IAMGOLD from C$3.75 to C$5.50 in a research note on Tuesday, April 23rd.

IAMGOLD Stock Down 3.2 %

IAMGOLD stock opened at C$5.08 on Monday. The company has a quick ratio of 1.19, a current ratio of 0.91 and a debt-to-equity ratio of 40.77. IAMGOLD has a 12-month low of C$2.71 and a 12-month high of C$6.24. The firm’s fifty day moving average is C$5.29 and its 200 day moving average is C$4.26. The company has a market capitalization of C$2.52 billion, a PE ratio of 13.37, a PEG ratio of -0.28 and a beta of 1.51.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Thursday, May 9th. The mining company reported C$0.15 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.12. IAMGOLD had a net margin of 12.48% and a return on equity of 6.57%. The company had revenue of C$456.89 million during the quarter. As a group, sell-side analysts predict that IAMGOLD will post 0.3658863 EPS for the current fiscal year.

About IAMGOLD

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.