IAMGOLD Co. (TSE:IMG) Given Average Rating of “Buy” by Brokerages

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$6.91.

Several equities research analysts have commented on the stock. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. National Bankshares upped their price target on IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus lifted their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st.

IAMGOLD Trading Down 3.4 %

Shares of IMG stock opened at C$8.03 on Friday. The company has a market capitalization of C$4.58 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The business’s 50 day moving average is C$7.08 and its two-hundred day moving average is C$5.96. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$8.80.

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

Insider Buying and Selling at IAMGOLD

In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were 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.

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.