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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been given an average recommendation of “Moderate Buy” by the four research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$5.70.

A number of research analysts have recently weighed in on IMG shares. Canaccord Genuity Group raised their price target on IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. National Bankshares upped their price target on shares of IAMGOLD from C$7.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada upgraded shares of IAMGOLD from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 8th.

Insider Buying and Selling at IAMGOLD

In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Insiders own 0.10% of the company’s stock.

IAMGOLD Price Performance

Shares of IMG opened at C$6.71 on Friday. The firm has a market capitalization of C$3.83 billion, a price-to-earnings ratio of 20.97, a PEG ratio of -0.28 and a beta of 1.47. The firm’s fifty day simple moving average is C$6.07 and its 200-day simple moving average is C$5.31. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$7.21. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly 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 for the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. Equities analysts forecast that IAMGOLD will post 0.4951311 EPS for the current fiscal year.

IAMGOLD Company Profile

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.