IAMGOLD (TSE:IMG) Price Target Increased to C$6.50 by Analysts at National Bankshares

IAMGOLD (TSE:IMG - Free Report) NYSE: IAG had its price target raised by National Bankshares from C$6.25 to C$6.50 in a research note released on Friday, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the stock. Bank of America increased their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Stifel Nicolaus increased their target price on IAMGOLD from C$3.00 to C$5.25 in a research report on Friday. Finally, National Bank Financial restated a sector perform spec overwgt rating on shares of IAMGOLD in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of C$4.92.

IAMGOLD Trading Up 0.6 %

Shares of IMG traded up C$0.03 during mid-day trading on Friday, hitting C$5.05. 752,150 shares of the company's stock traded hands, compared to its average volume of 1,252,870. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05. The firm has a market capitalization of C$2.51 billion, a P/E ratio of 21.08, a PEG ratio of -0.28 and a beta of 1.44. The business's 50-day moving average price is C$4.17 and its 200-day moving average price is C$3.58. IAMGOLD has a 1 year low of C$2.71 and a 1 year high of C$5.38.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last issued its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The business had revenue of C$405.19 million for the quarter. As a group, sell-side analysts forecast that IAMGOLD will post 0.0746963 EPS for the current fiscal year.

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.