IAMGOLD (TSE:IMG) Given New C$21.00 Price Target at National Bankshares

Key Points

• National Bankshares raised its price target for IAMGOLD from C$15.50 to C$21.00, reflecting a potential upside of 27.58% from the stock's previous close.
• The company's stock has received positive ratings from multiple analysts, with four giving it a Strong Buy rating and an average price target of C$16.88.
• IAMGOLD's stock is currently trading at C$16.46, down 1.0% for the day, amid significant trading volume.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price target lifted by stock analysts at National Bankshares from C$15.50 to C$21.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. National Bankshares' price target suggests a potential upside of 27.58% from the company's previous close.

Several other analysts also recently issued reports on the stock. Bank of America increased their price objective on shares of IAMGOLD from C$13.00 to C$15.50 in a research report on Friday, August 29th. Royal Bank Of Canada raised IAMGOLD from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th. Raymond James Financial raised IAMGOLD to a "hold" rating in a report on Monday, June 30th. Finally, Cormark increased their target price on IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$16.88.

IAMGOLD Stock Down 1.0%

TSE:IMG traded down C$0.16 during mid-day trading on Wednesday, hitting C$16.46. The company had a trading volume of 1,227,201 shares, compared to its average volume of 2,082,641. IAMGOLD has a 1 year low of C$6.07 and a 1 year high of C$17.02. The business has a fifty day simple moving average of C$12.03 and a 200-day simple moving average of C$10.38. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The firm has a market capitalization of C$9.47 billion, a price-to-earnings ratio of 11.51, a PEG 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.

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