IAMGOLD (TSE:IMG) Price Target Raised to C$40.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target boosted by Stifel Nicolaus from C$28.00 to C$40.00 in a research note released on Tuesday morning,BayStreet.CA reports.

A number of other research analysts have also issued reports on IMG. National Bank Financial boosted their price objective on IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. TD Securities raised their target price on IAMGOLD from C$24.00 to C$34.00 in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$27.17.

IAMGOLD Price Performance

Shares of TSE:IMG opened at C$27.43 on Tuesday. The company has a market cap of C$16.27 billion, a PE ratio of 48.12, a P/E/G ratio of -0.28 and a beta of 1.60. IAMGOLD has a fifty-two week low of C$7.27 and a fifty-two week high of C$30.54. The firm has a 50-day simple moving average of C$24.64 and a 200 day simple moving average of C$18.85. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Tuesday, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. The firm had revenue of C$984.02 million for the quarter. On average, sell-side analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current year.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.