National Bankshares Issues Positive Forecast for IAMGOLD (TSE:IMG) Stock Price

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its target price increased by investment analysts at National Bankshares from C$15.00 to C$16.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the mining company's stock. National Bankshares' target price would suggest a potential upside of 65.12% from the stock's previous close.

IMG has been the subject of a number of other research reports. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Stifel Nicolaus boosted their target price on IAMGOLD from C$9.50 to C$11.00 in a research report on Monday, April 21st. Finally, BMO Capital Markets raised IAMGOLD to a "strong-buy" rating in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD has an average rating of "Buy" and a consensus price target of C$11.00.

IAMGOLD Trading Down 3.7%

IAMGOLD stock traded down C$0.37 during trading hours on Tuesday, reaching C$9.69. 1,892,189 shares of the company's stock traded hands, compared to its average volume of 2,051,519. IAMGOLD has a fifty-two week low of C$4.90 and a fifty-two week high of C$11.63. The firm's 50 day moving average is C$9.76 and its 200-day moving average is C$8.90. 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 capitalization of C$3.94 billion, a price-to-earnings ratio of 5.03, a PEG ratio of -0.28 and a beta of 1.47.

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.