IAMGOLD (TSE:IMG) Given New C$39.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised its price target on IAMGOLD to C$39.00 (from C$36.00) and kept an "Outperform" rating, implying roughly a 47.8% upside from current levels.
• Analyst consensus is a Moderate Buy with four Buy ratings and one Hold, and an average target of C$32.08, which is below National Bank Financial’s new target.
• IAMGOLD shares traded at C$26.39, with a market cap of C$15.36 billion, a P/E of 23.15, and last quarter results of C$0.96 EPS on C$1.46 billion revenue.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its target price increased by stock analysts at National Bank Financial from C$36.00 to C$39.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the mining company's stock. National Bank Financial's price objective would indicate a potential upside of 47.78% from the stock's current price.

IMG has been the topic of a number of other reports. Bank of America lifted their price target on shares of IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th. TD Securities lifted their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Finally, Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$32.08.

IAMGOLD Trading Up 1.9%

IAMGOLD stock traded up C$0.50 during trading on Friday, reaching C$26.39. The company had a trading volume of 1,108,272 shares, compared to its average volume of 2,291,651. IAMGOLD has a 12-month low of C$8.46 and a 12-month high of C$34.09. The stock's 50 day moving average price is C$27.96 and its two-hundred day moving average price is C$23.59. The firm has a market capitalization of C$15.36 billion, a price-to-earnings ratio of 23.15, a PEG ratio of -0.28 and a beta of 2.11. The company has a debt-to-equity ratio of 20.08, a quick ratio of 1.19 and a current ratio of 1.75.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last released its earnings results on Wednesday, February 18th. The mining company reported C$0.96 earnings per share (EPS) for the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%. The firm had revenue of C$1.46 billion during the quarter. As a group, equities analysts expect that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

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. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.

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