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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned an average recommendation of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$27.50.

A number of research firms recently issued reports on IMG. TD Securities increased their target price on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday. National Bank Financial boosted their price objective on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Finally, Stifel Nicolaus increased their target price on IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th.

IAMGOLD Price Performance

Shares of IAMGOLD stock traded up C$1.31 during midday trading on Thursday, hitting C$30.48. 1,757,459 shares of the company were exchanged, compared to its average volume of 2,489,965. The firm has a 50 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 cap of C$18.08 billion, a P/E ratio of 53.47, a PEG 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 issued its quarterly earnings data on Tuesday, February 17th. The mining company reported C$0.96 earnings per share for the quarter. The firm had revenue of C$1.46 billion for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. Research analysts forecast that IAMGOLD will post 1.1121076 earnings per share for the current year.

About IAMGOLD

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.