IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price objective boosted by stock analysts at National Bankshares from C$15.00 to C$16.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. National Bankshares' price objective suggests a potential upside of 59.20% from the stock's previous close.
Several other analysts have also recently weighed in on the company. Stifel Nicolaus boosted their price target on IAMGOLD from C$9.50 to C$11.00 in a report on Monday, April 21st. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a report on Friday, March 21st. Finally, BMO Capital Markets upgraded IAMGOLD to a "strong-buy" rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$11.00.
Read Our Latest Stock Report on IAMGOLD
IAMGOLD Price Performance
TSE IMG traded up C$0.10 during trading on Tuesday, hitting C$10.05. 1,439,912 shares of the company's stock were exchanged, compared to its average volume of 2,059,181. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The company has a market cap of C$4.08 billion, a PE ratio of 5.22, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a fifty-two week low of C$4.90 and a fifty-two week high of C$11.63. The stock's 50 day moving average price is C$9.78 and its two-hundred day moving average price is C$8.90.
About IAMGOLD
(
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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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