Brokerages Set IAMGOLD Co. (TSE:IMG) Price Target at C$13.50

Key Points

• IAMGOLD Co. has received a consensus rating of "Buy" from seven brokerages, with four issuing a "strong buy" rating and an average twelve-month price target of C$13.50.
• Analysts recently upgraded IAMGOLD, with National Bankshares raising their target price from C$15.00 to C$16.00 and assigning an "outperform" rating.
• IAMGOLD's stock has experienced a 1-year high of C$12.25, and its current market cap is approximately C$4.93 billion.

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG has received a consensus recommendation of "Buy" from the seven research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$13.50.

Several research firms have issued reports on IMG. National Bankshares lifted 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 report on Tuesday, June 24th. Raymond James Financial upgraded IAMGOLD to a "hold" rating in a research report on Monday, June 30th.

IAMGOLD Price Performance

Shares of IMG stock traded up C$0.34 during midday trading on Friday, reaching C$12.57. 1,683,032 shares of the company were exchanged, compared to its average volume of 2,040,909. IAMGOLD has a 12 month low of C$6.07 and a 12 month high of C$12.61. The company has a market cap of C$5.11 billion, a P/E ratio of 6.52, a PEG ratio of -0.28 and a beta of 1.47. The company's 50 day moving average price is C$10.25 and its two-hundred day moving average price is C$9.57. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89.

IAMGOLD Company Profile

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.