Brokerages Set IAMGOLD Co. (TSE:IMG) PT at C$8.30

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$8.30.

Several analysts recently issued reports on IMG shares. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Stifel Nicolaus raised their target price on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, February 3rd. National Bankshares decreased their price objective on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research note on Thursday, January 9th. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd.

Insider Activity

In related news, Director Renaud Adams purchased 36,000 shares of IAMGOLD stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. Company insiders own 0.10% of the company’s stock.

IAMGOLD Trading Down 1.0 %

TSE:IMG opened at C$9.15 on Wednesday. IAMGOLD has a one year low of C$3.15 and a one year high of C$9.68. The company’s 50-day simple moving average is C$8.01 and its 200 day simple moving average is C$7.27. The firm has a market capitalization of C$5.22 billion, a P/E ratio of 28.59, a PEG ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.09. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. During the same period in the prior year, the firm earned ($0.01) EPS. As a group, analysts forecast that IAMGOLD will post 1.1121076 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.