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

Key Points

• IAMGOLD Co. has received a consensus rating of "Buy" from seven research firms, with an average target price of C$15.63.
• Recent analyst reports include upgrades from Bank of America, which raised their price target to C$15.50, and Cormark, which increased theirs to C$20.00.
• The company's shares are currently trading at C$15.22, reflecting a market capitalization of C$8.75 billion and a price-to-earnings ratio of 10.64.

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have received a consensus rating of "Buy" from the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$15.63.

Several research firms recently commented on IMG. Bank of America raised their price target on shares of IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th. Raymond James Financial upgraded shares of IAMGOLD to a "hold" rating in a report on Monday, June 30th. National Bankshares lifted their target price 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. Cormark lifted their target price on shares of IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. Finally, Royal Bank Of Canada upgraded shares of IAMGOLD from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, September 10th.

IAMGOLD Price Performance

IMG stock traded up C$0.47 during trading on Thursday, hitting C$15.67. 4,432,996 shares of the company's stock traded hands, compared to its average volume of 2,074,476. IAMGOLD has a 52 week low of C$6.07 and a 52 week high of C$15.98. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The business has a fifty day simple moving average of C$11.75 and a 200 day simple moving average of C$10.28. The stock has a market capitalization of C$9.01 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of -0.28 and a beta of 1.11.

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.