IAMGOLD (TSE:IMG) Given New C$6.20 Price Target at Bank of America

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its price objective raised by Bank of America from C$4.40 to C$6.20 in a research note issued to investors on Tuesday, BayStreet.CA reports. Bank of America's target price points to a potential upside of 24.50% from the stock's current price.

Several other equities analysts have also issued reports on the company. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a research note on Wednesday, January 3rd. Stifel Nicolaus lowered their price target on IAMGOLD from C$3.50 to C$3.00 and set a "hold" rating on the stock in a research note on Friday, January 26th. National Bankshares boosted their price target on IAMGOLD from C$4.00 to C$4.50 and gave the company a "sector perform" rating in a research note on Tuesday, December 19th. Finally, BMO Capital Markets lowered their price target on IAMGOLD from C$3.50 to C$3.25 and set an "outperform" rating on the stock in a research note on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$4.31.

IAMGOLD Stock Performance

Shares of IAMGOLD stock traded up C$0.08 during trading on Tuesday, reaching C$4.98. The company's stock had a trading volume of 1,032,679 shares, compared to its average volume of 1,232,477. The company has a debt-to-equity ratio of 42.05, a quick ratio of 1.19 and a current ratio of 1.20. The business's fifty day moving average price is C$3.90 and its 200-day moving average price is C$3.47. The firm has a market cap of C$2.47 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. IAMGOLD has a one year low of C$2.71 and a one year high of C$5.16.

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