IAMGOLD Co. (TSE:IMG) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Buy consensus from six analysts (1 hold, 4 buy, 1 strong buy) with an average 12‑month price target of C$31.25.
• Multiple firms have recently raised targets—Stifel to C$40 and Bank of America to C$38, while TD Securities and National Bank Financial boosted theirs to C$36 and C$34 respectively.
• IAMGOLD posted Q4 EPS of C$0.96 on C$1.46B revenue with a 23.4% net margin and 18.4% ROE; the stock trades around C$27.35 (1‑year range C$8.46–C$34.09) and has a market cap of C$15.92B.

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have earned an average recommendation of "Buy" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$31.25.

Several research firms have recently commented on IMG. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. TD Securities upped their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. National Bank Financial upped their price target on shares of IAMGOLD from C$28.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Friday, January 23rd. Finally, Bank of America upped their price target on shares of IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th.

IAMGOLD Stock Up 0.4%

IMG stock opened at C$27.35 on Friday. The company has a debt-to-equity ratio of 20.08, a current ratio of 1.75 and a quick ratio of 1.19. IAMGOLD has a 1-year low of C$8.46 and a 1-year high of C$34.09. The firm has a fifty day moving average price of C$27.77 and a two-hundred day moving average price of C$23.22. The firm has a market cap of C$15.92 billion, a price-to-earnings ratio of 23.99, a PEG ratio of -0.28 and a beta of 2.11.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last released its earnings results on Tuesday, February 17th. The mining company reported C$0.96 earnings per share for the quarter. The firm had revenue of C$1.46 billion during the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%. Research analysts predict that IAMGOLD will post 1.1121076 EPS for the current year.

About IAMGOLD

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. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.

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