IAMGOLD (TSE:IMG) Share Price Passes Above 200-Day Moving Average of $4.43

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.43 and traded as high as C$5.80. IAMGOLD shares last traded at C$5.70, with a volume of 1,115,552 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on IMG. National Bankshares upped their price target on IAMGOLD from C$6.50 to C$6.75 and gave the company a “sector perform” rating in a research report on Monday, May 13th. Stifel Nicolaus raised their target price on IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Bank of America boosted their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. Finally, Canaccord Genuity Group upped their price objective on IAMGOLD from C$3.75 to C$5.50 in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, IAMGOLD currently has an average rating of “Hold” and a consensus target price of C$5.03.

IAMGOLD Price Performance

The company’s 50-day moving average price is C$5.38 and its 200-day moving average price is C$4.46. The company has a quick ratio of 1.19, a current ratio of 0.91 and a debt-to-equity ratio of 40.77. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of 15.11, a PEG ratio of -0.28 and a beta of 1.51.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Thursday, May 9th. The mining company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.12. IAMGOLD had a net margin of 12.48% and a return on equity of 6.57%. The company had revenue of C$456.89 million for the quarter. On average, equities research analysts forecast that IAMGOLD Co. will post 0.3658863 EPS for the current 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.