Iamgold (IMG) PT Raised to C$7.00
Iamgold (TSE:IMG) (NYSE:IAG) had its target price upped by National Bank Financial from C$6.75 to C$7.00 in a research note published on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock. National Bank Financial also issued estimates for Iamgold’s Q1 2019 earnings at $0.03 EPS.
Several other research analysts have also weighed in on the stock. Canaccord Genuity reiterated an average rating and issued a C$9.00 price objective on shares of Iamgold in a research note on Tuesday, January 8th. Desjardins upgraded shares of Iamgold from a hold rating to a buy rating in a research note on Monday, January 28th. Finally, GMP Securities reiterated a buy rating and issued a C$6.70 price objective on shares of Iamgold in a research note on Friday, February 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average price target of C$7.64.
Iamgold stock opened at C$4.09 on Thursday. The company has a market capitalization of $1.91 billion and a price-to-earnings ratio of -68.17. The company has a current ratio of 4.78, a quick ratio of 3.51 and a debt-to-equity ratio of 14.27. Iamgold has a twelve month low of C$3.64 and a twelve month high of C$8.20.
In other news, Senior Officer Peter Gordon Stothart sold 56,207 shares of the stock in a transaction on Thursday, January 24th. The shares were sold at an average price of C$3.83, for a total transaction of C$215,272.81. Following the transaction, the insider now owns 229,655 shares in the company, valued at approximately C$879,578.65. Also, Senior Officer Benjamin Richard Little sold 20,911 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$4.75, for a total transaction of C$99,327.25. Following the transaction, the insider now owns 38,617 shares in the company, valued at approximately C$183,430.75.
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.
Featured Article: What is a trade deficit?
Receive News & Ratings for Iamgold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold and related companies with MarketBeat.com's FREE daily email newsletter.