IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.80 and traded as high as C$10.33. IAMGOLD shares last traded at C$10.28, with a volume of 1,102,134 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. BMO Capital Markets raised shares of IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$9.50 to C$11.00 in a research note on Monday, April 21st. National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Finally, National Bankshares lifted their price objective on shares of IAMGOLD from C$13.50 to C$15.00 and gave the company an "outperform" rating in a report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, IAMGOLD has an average rating of "Buy" and an average price target of C$10.67.
Check Out Our Latest Stock Report on IAMGOLD
IAMGOLD Stock Performance
The firm has a market capitalization of C$4.04 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of -0.28 and a beta of 1.47. The stock's fifty day moving average is C$9.80 and its two-hundred day moving average is C$8.84. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93.
IAMGOLD Company Profile
(
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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.
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