IAMGOLD Co. (TSE:IMG) Given Average Rating of "Buy" by Brokerages

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have received a consensus rating of "Buy" from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$11.00.

Several research firms have commented on IMG. BMO Capital Markets upgraded shares of IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th. Stifel Nicolaus boosted their price target on shares of IAMGOLD from C$9.50 to C$11.00 in a research note on Monday, April 21st. National Bankshares boosted their price target on shares of IAMGOLD from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Raymond James Financial upgraded shares of IAMGOLD to a "hold" rating in a research note on Monday, June 30th. Finally, National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st.

IAMGOLD Stock Performance

TSE:IMG opened at C$10.15 on Friday. The company has a fifty day simple moving average of C$9.73 and a two-hundred day simple moving average of C$9.00. The company has a market cap of C$4.12 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. IAMGOLD has a 52 week low of C$4.90 and a 52 week high of C$11.63.

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.

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