IAMGOLD (TSE:IMG) Stock Price Expected to Rise, TD Securities Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective increased by equities research analysts at TD Securities from C$34.00 to C$36.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ target price would suggest a potential upside of 18.89% from the company’s current price.

Other analysts also recently issued research reports about the company. National Bank Financial upped their price target on IAMGOLD from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Stifel Nicolaus boosted their target price on IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$27.50.

IAMGOLD Stock Up 3.8%

IMG traded up C$1.11 on Thursday, hitting C$30.28. The company had a trading volume of 1,565,371 shares, compared to its average volume of 2,485,416. The stock has a fifty day simple moving average of C$25.29 and a 200-day simple moving average of C$19.47. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The firm has a market capitalization of C$17.96 billion, a P/E ratio of 53.12, a P/E/G ratio of -0.28 and a beta of 1.60. IAMGOLD has a 52-week low of C$7.27 and a 52-week high of C$30.54.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Tuesday, February 17th. The mining company reported C$0.96 earnings per share (EPS) for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%.The firm had revenue of C$1.46 billion during the quarter. As a group, equities analysts expect that IAMGOLD will post 1.1121076 EPS for the current fiscal 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.