IAMGOLD Co. (TSE:IMG) Given Consensus Rating of "Buy" by Analysts

Key Points

• IAMGOLD Co. has been rated an average of "Buy" by seven brokerages, with four analysts assigning a strong buy rating and one a hold rating.
• The average 1-year price target for IAMGOLD shares among analysts is C$17.40, with recent upgrades from Canaccord Genuity and Bank of America increasing their price objectives significantly.
• Currently, IAMGOLD has a market capitalization of C$10.21 billion and a 12-month price range of C$6.55 to C$19.52, indicating its potential for growth.

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG has been assigned an average recommendation of "Buy" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and four have assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$17.40.

A number of research firms have recently commented on IMG. Canaccord Genuity Group raised their price objective on shares of IAMGOLD from C$15.50 to C$19.50 in a research report on Thursday, October 2nd. Bank of America raised their price objective on shares of IAMGOLD from C$13.00 to C$15.50 in a research report on Friday, August 29th. Cormark raised their price objective on shares of IAMGOLD from C$16.50 to C$20.00 in a research report on Tuesday, September 16th. Raymond James Financial upgraded shares of IAMGOLD to a "hold" rating in a research report on Monday, June 30th. Finally, Royal Bank Of Canada upgraded shares of IAMGOLD from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th.

IAMGOLD Price Performance

Shares of TSE:IMG opened at C$17.76 on Monday. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The firm has a market capitalization of C$10.21 billion, a PE ratio of 12.42, a P/E/G ratio of -0.28 and a beta of 1.30. IAMGOLD has a twelve month low of C$6.55 and a twelve month high of C$19.52. The company has a 50-day moving average price of C$14.17 and a two-hundred day moving average price of C$11.25.

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.

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