IAMGOLD - IMG Stock Forecast, Price & News

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada. Its exploration and development projects include the Pitangui project in Brazil; the Karita project located in Guinea; the Diakha-Siribaya project situated in Mali; and the Nelligan and Monster Lake projects located in Quebec, Canada. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada.

IAMGOLD Stock Down 1.6 %

Shares of IMG opened at C$1.83 on Tuesday. The company has a debt-to-equity ratio of 28.68, a current ratio of 1.77 and a quick ratio of 0.98. The stock has a market capitalization of C$876.57 million and a price-to-earnings ratio of -2.69. IAMGOLD has a 1 year low of C$1.67 and a 1 year high of C$4.74. The business's 50 day simple moving average is C$2.15 and its 200-day simple moving average is C$3.16.

IAMGOLD (TSE:IMG - Get Rating) (NYSE:IAG) last released its quarterly earnings results on Wednesday, August 3rd. The mining company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.03 by C($0.05). The company had revenue of C$426.30 million for the quarter. As a group, equities analysts expect that IAMGOLD will post 0.0505495 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Credit Suisse Group downgraded shares of IAMGOLD to a "sell" rating and set a C$2.50 price target on the stock. in a research report on Wednesday, May 4th. TD Securities lowered their target price on IAMGOLD from C$4.00 to C$3.50 and set a "buy" rating on the stock in a research report on Friday, August 5th. Canaccord Genuity Group cut IAMGOLD from a "hold" rating to a "sell" rating and reduced their price target for the stock from C$4.50 to C$2.75 in a research report on Wednesday, May 4th. BMO Capital Markets cut IAMGOLD from an "outperform" rating to a "hold" rating and set a C$2.75 price objective on the stock. in a research report on Monday, April 18th. Finally, Cormark reduced their target price on shares of IAMGOLD from C$4.50 to C$3.00 and set a "market perform" rating for the company in a report on Thursday, May 5th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, IAMGOLD currently has a consensus rating of "Hold" and a consensus price target of C$2.92.