IAMGOLD Co. (TSE:IMG) Receives C$10.67 Consensus PT from Analysts

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG have been assigned a consensus rating of "Buy" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$10.67.

Several analysts recently issued reports on the stock. National Bankshares boosted 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. BMO Capital Markets raised shares of IAMGOLD to a "strong-buy" rating in a research report on Wednesday, April 16th. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, Stifel Nicolaus lifted their target price on IAMGOLD from C$9.50 to C$11.00 in a research report on Monday, April 21st.

Insider Activity

In related news, Director Christiane Bergevin bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of C$8.29 per share, with a total value of C$41,450.00. Also, Senior Officer Bruno Lemelin sold 15,000 shares of IAMGOLD stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Insiders own 0.10% of the company's stock.

IAMGOLD Stock Performance

TSE:IMG traded up C$0.09 on Tuesday, hitting C$10.00. The stock had a trading volume of 2,141,827 shares, compared to its average volume of 2,064,648. IAMGOLD has a 52-week low of C$4.86 and a 52-week high of C$11.63. The stock has a market cap of C$4.06 billion, a price-to-earnings ratio of 5.19, 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. The business's 50-day simple moving average is C$9.60 and its two-hundred day simple moving average is C$8.71.

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.