IAMGOLD (TSE:IMG) Given a C$34.00 Price Target at TD

Key Points

• TD assigned IAMGOLD a C$34.00 price target and “buy” rating, implying 35.3% upside from the prior close.
• Analyst sentiment is broadly positive: IAMGOLD has an average “Buy” rating and an average price target of C$35.83, with National Bank Financial recently raising its target to C$35.00.
• IAMGOLD reported C$0.60 in quarterly earnings per share on C$1.22 billion in revenue, while its shares traded at C$25.13 and remained below their 12-month high of C$34.09.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG has been assigned a C$34.00 price target by stock analysts at TD in a research report issued on Tuesday, BayStreet reports. The firm presently has a "buy" rating on the mining company's stock. TD's target price would indicate a potential upside of 35.30% from the company's previous close.

A number of other equities analysts have also commented on IMG. National Bank Financial raised their price target on shares of IAMGOLD from C$32.00 to C$35.00 and gave the stock an "outperform" rating in a research report on Monday, September 21st. Jefferies Financial Group upgraded shares of IAMGOLD to a "strong-buy" rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$35.83.

IAMGOLD Stock Performance

IMG stock traded up C$0.03 during trading hours on Tuesday, hitting C$25.13. 531,615 shares of the stock were exchanged, compared to its average volume of 1,902,525. The company has a current ratio of 1.71, a quick ratio of 1.19 and a debt-to-equity ratio of 12.27. The firm has a market capitalization of C$14.35 billion, a P/E ratio of 12.69, a P/E/G ratio of -0.28 and a beta of 2.20. The company has a 50-day simple moving average of C$27.27 and a two-hundred day simple moving average of C$24.76. IAMGOLD has a 12 month low of C$15.30 and a 12 month high of C$34.09.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its earnings results on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. The company had revenue of C$1.22 billion during the quarter. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%. On average, analysts forecast that IAMGOLD will post 1.11 earnings per share for the current fiscal year.

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. ('SMM'). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.

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