IAMGOLD (TSE:IMG) Price Target Raised to C$20.00

Key Points

• Cormark has raised IAMGOLD's price target from C$16.50 to C$20.00, indicating a potential upside of 31.58% based on the stock's current price.
• The stock currently has an average rating of "Buy" according to MarketBeat, with four analysts rating it as a Strong Buy.
• IAMGOLD is trading at C$15.20, having experienced a 3.2% decline during the latest trading session.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its target price boosted by research analysts at Cormark from C$16.50 to C$20.00 in a research report issued on Tuesday,BayStreet.CA reports. Cormark's price objective indicates a potential upside of 27.63% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. National Bankshares boosted their price target on shares of IAMGOLD from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada raised IAMGOLD from a "hold" rating to a "moderate buy" rating in a report on Wednesday, September 10th. Bank of America raised their price target on IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th. Finally, Raymond James Financial upgraded shares of IAMGOLD to a "hold" rating in a research report on Monday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, IAMGOLD currently has a consensus rating of "Buy" and a consensus target price of C$15.63.

IAMGOLD Stock Up 3.1%

Shares of TSE:IMG traded up C$0.47 during trading hours on Tuesday, reaching C$15.67. The stock had a trading volume of 4,432,996 shares, compared to its average volume of 2,074,476. IAMGOLD has a 1 year low of C$6.07 and a 1 year high of C$15.98. The firm's 50 day moving average is C$11.75 and its 200-day moving average is C$10.25. 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. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89.

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.