IAMGOLD (TSE:IMG) Rating Increased to Moderate Buy at Royal Bank Of Canada

Key Points

• The Royal Bank of Canada has upgraded IAMGOLD from a "hold" rating to a "moderate buy" rating.
• IAMGOLD shares have recently reached a 9.1% increase, with a current market capitalization of C$8.69 billion.
• Multiple analysts have positive ratings on IAMGOLD, with a consensus rating of "Buy" and an average target price of C$14.17.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG was upgraded by equities researchers at Royal Bank Of Canada from a "hold" rating to a "moderate buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Bank of America raised their price objective on shares of IAMGOLD from C$13.00 to C$15.50 in a research report on Friday, August 29th. Raymond James Financial upgraded shares of IAMGOLD to a "hold" rating in a research report on Monday, June 30th. Finally, National Bankshares raised their price objective 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. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$14.17.

IAMGOLD Stock Up 9.1%

Shares of IMG stock opened at C$15.12 on Wednesday. The company has a market capitalization of C$8.69 billion, a price-to-earnings ratio of 10.57, a PEG ratio of -0.28 and a beta of 1.11. IAMGOLD has a one year low of C$6.07 and a one year high of C$15.67. The company's fifty day moving average price is C$10.97 and its 200-day moving average price is C$9.89. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

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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