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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned a consensus rating of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$5.70.

A number of research analysts have commented on the stock. Canaccord Genuity Group raised their price target on shares of IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada downgraded IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, National Bankshares boosted their price target on IAMGOLD from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th.

IAMGOLD Trading Up 1.6 %

IAMGOLD stock opened at C$7.20 on Wednesday. The business has a 50 day moving average price of C$6.49 and a two-hundred day moving average price of C$5.60. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. IAMGOLD has a 12 month low of C$2.71 and a 12 month high of C$7.55. The stock has a market cap of C$4.11 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.10. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. The business had revenue of C$527.18 million during the quarter. As a group, equities analysts forecast that IAMGOLD will post 1.1121076 EPS for the current year.

Insider Transactions at IAMGOLD

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. 0.10% of the stock is owned by company insiders.

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.