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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$8.30.

Several brokerages have issued reports on IMG. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. National Bankshares lowered their price target on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a report on Thursday. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus increased their price objective on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st.

IAMGOLD Price Performance

IMG stock opened at C$8.27 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The stock’s 50 day moving average is C$7.59 and its two-hundred day moving average is C$6.83. IAMGOLD has a 52-week low of C$3.00 and a 52-week high of C$8.80. The company has a market capitalization of C$4.72 billion, a PE ratio of 25.84, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Renaud Adams bought 36,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. 0.10% of the stock is owned by company insiders.

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.