IAMGOLD (TSE:IMG) Sets New 1-Year High at $5.05

IAMGOLD Co. (TSE:IMG - Get Free Report) NYSE: IAG's stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$5.05 and last traded at C$5.04, with a volume of 733681 shares trading hands. The stock had previously closed at C$4.90.

Wall Street Analysts Forecast Growth

IMG has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their target price on IAMGOLD from C$3.50 to C$3.25 and set an "outperform" rating on the stock in a research report on Tuesday, December 19th. Stifel Nicolaus decreased their target price on IAMGOLD from C$3.50 to C$3.00 and set a "hold" rating on the stock in a research report on Friday, January 26th. National Bank Financial reiterated a "sector perform spec overwgt" rating on shares of IAMGOLD in a research report on Wednesday, January 3rd. National Bankshares increased their target price on IAMGOLD from C$4.00 to C$4.50 and gave the company a "sector perform" rating in a research report on Tuesday, December 19th. Finally, Bank of America raised their price objective on IAMGOLD from C$4.10 to C$4.40 in a report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, IAMGOLD presently has an average rating of "Hold" and a consensus target price of C$4.06.

IAMGOLD Stock Performance

The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 42.05. The firm has a fifty day moving average price of C$3.83 and a 200 day moving average price of C$3.45. The firm has a market cap of C$2.52 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The business had revenue of C$405.19 million for the quarter. As a group, equities research analysts expect that IAMGOLD Co. will post 0.0745752 earnings per share for the current fiscal year.

About IAMGOLD

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.