IAMGOLD (TSE:IMG) Stock Price Down 9% - What's Next?

Shares of IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG traded down 9% during trading on Tuesday . The company traded as low as C$9.29 and last traded at C$9.32. 1,918,970 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 2,029,644 shares. The stock had previously closed at C$10.24.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IMG shares. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$9.50 to C$11.00 in a report on Monday, April 21st. Raymond James Financial raised shares of IAMGOLD to a "hold" rating in a research note on Monday, June 30th. National Bankshares upped their target price on IAMGOLD from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. Finally, BMO Capital Markets upgraded IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, one has given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, IAMGOLD presently has an average rating of "Buy" and a consensus target price of C$11.00.

IAMGOLD Stock Performance

The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The firm has a market cap of C$3.92 billion, a P/E ratio of 5.01, a P/E/G ratio of -0.28 and a beta of 1.47. The company's 50 day moving average is C$9.72 and its 200 day moving average is C$9.06.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.