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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been given a consensus rating of “Buy” by the six research firms that are covering the company, MarketBeat.com 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 12-month target price among brokerages that have covered the stock in the last year is C$8.68.

Several equities research analysts have recently weighed in on the company. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. National Bankshares boosted their target price on shares of IAMGOLD from C$12.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, National Bank Financial raised shares of IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st.

Insiders Place Their Bets

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 15,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Lawrence Peter O’hagan bought 4,800 shares of IAMGOLD stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of C$8.11 per share, for a total transaction of C$38,918.88. Insiders have purchased a total of 45,800 shares of company stock valued at $370,999 in the last 90 days. 0.10% of the stock is currently owned by insiders.

IAMGOLD Price Performance

TSE:IMG opened at C$8.74 on Thursday. The company has a market capitalization of C$3.55 billion, a price-to-earnings ratio of 4.54, a PEG ratio of -0.28 and a beta of 1.47. The company has a 50-day moving average of C$8.55 and a 200-day moving average of C$7.83. IAMGOLD has a 52 week low of C$4.22 and a 52 week high of C$9.68. 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 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.