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

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have been given a consensus rating of "Buy" by the seven ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$10.67.

Several brokerages have recently issued reports on IMG. National Bank Financial upgraded shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares lifted their target price on shares of IAMGOLD from C$13.50 to C$15.00 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. Stifel Nicolaus lifted their target price on shares of IAMGOLD from C$9.50 to C$11.00 in a research report on Monday, April 21st. BMO Capital Markets raised shares of IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Raymond James raised shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd.

IAMGOLD Price Performance

Shares of TSE IMG traded up C$0.04 during trading on Friday, hitting C$9.25. The company had a trading volume of 1,389,901 shares, compared to its average volume of 2,092,295. The stock has a fifty day simple moving average of C$9.34 and a two-hundred day simple moving average of C$8.48. IAMGOLD has a fifty-two week low of C$4.86 and a fifty-two week high of C$11.63. The firm has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 4.80, 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.

Insider Activity at IAMGOLD

In other news, Director Lawrence Peter O'hagan bought 4,800 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were bought at an average cost of C$8.11 per share, for a total transaction of C$38,918.88. Also, Director Renaud Adams bought 35,000 shares of the firm's stock in a transaction on Friday, February 28th. The stock was purchased at an average price of C$8.08 per share, for a total transaction of C$282,660.00. In the last quarter, insiders acquired 45,800 shares of company stock valued at $370,999. Corporate insiders own 0.10% of the company's stock.

About IAMGOLD

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.