IAMGOLD (TSE:IMG) Given New C$5.50 Price Target at Canaccord Genuity Group

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG had its target price upped by equities research analysts at Canaccord Genuity Group from C$3.75 to C$5.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group's price target suggests a potential upside of 8.91% from the company's current price.

IMG has been the subject of several other research reports. Stifel Nicolaus raised their price target on IAMGOLD from C$3.00 to C$5.25 in a research report on Friday. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of IAMGOLD in a research report on Monday, April 8th. National Bankshares raised their price target on IAMGOLD from C$6.25 to C$6.50 in a research report on Friday. Finally, Bank of America raised their price target on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$4.99.

IAMGOLD Price Performance

TSE IMG traded up C$0.26 during mid-day trading on Tuesday, hitting C$5.05. The stock had a trading volume of 2,050,392 shares, compared to its average volume of 1,274,184. IAMGOLD has a 52-week low of C$2.71 and a 52-week high of C$5.38. The company has a market cap of C$2.51 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of -0.28 and a beta of 1.44. The company has a 50 day simple moving average of C$4.23 and a 200 day simple moving average of C$3.62. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last released its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, beating 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 firm had revenue of C$405.19 million during the quarter. Equities analysts forecast that IAMGOLD will post 0.0746963 EPS 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.