IAMGOLD (TSE:IMG) Given New C$23.00 Price Target at National Bankshares

Key Points

• National Bankshares raised IAMGOLD's price target from C$21.00 to C$23.00, indicating a potential upside of 16.04% from the current stock price.
• Four analysts have rated IAMGOLD stock with a Strong Buy rating, while the average target price is C$17.80, according to MarketBeat.com.
• IAMGOLD's stock recently traded up by 3.7% to C$19.82, and the company has a market cap of C$11.40 billion.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price target raised by National Bankshares from C$21.00 to C$23.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the mining company's stock. National Bankshares' price objective would suggest a potential upside of 16.04% from the stock's current price.

Several other equities research analysts also recently issued reports on IMG. Royal Bank Of Canada upgraded IAMGOLD from a "hold" rating to a "moderate buy" rating in a report on Wednesday, September 10th. Canaccord Genuity Group boosted their target price on IAMGOLD from C$15.50 to C$19.50 in a research note on Thursday, October 2nd. Raymond James Financial raised IAMGOLD to a "hold" rating in a research note on Monday, June 30th. Cormark boosted their target price on IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. Finally, Bank of America boosted their target price on IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of C$17.80.

IAMGOLD Trading Up 3.7%

TSE:IMG traded up C$0.70 on Wednesday, reaching C$19.82. The company's stock had a trading volume of 2,285,972 shares, compared to its average volume of 2,157,092. IAMGOLD has a 12-month low of C$6.87 and a 12-month high of C$20.20. 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 firm has a market cap of C$11.40 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of -0.28 and a beta of 1.30. The stock has a 50 day moving average price of C$14.52 and a 200 day moving average price of C$11.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.