IAMGOLD Co. (TSE:IMG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have received an average recommendation of “Moderate Buy” from the four brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$5.03.

A number of equities research analysts recently weighed in on IMG shares. Canaccord Genuity Group lifted their price objective on shares of IAMGOLD from C$5.50 to C$6.00 in a report on Tuesday, July 23rd. National Bankshares lifted their price target on shares of IAMGOLD from C$6.50 to C$6.75 and gave the company a “sector perform” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada raised IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 8th.

IAMGOLD Stock Up 2.8 %

TSE:IMG opened at C$6.94 on Tuesday. The stock has a fifty day simple moving average of C$5.48 and a 200-day simple moving average of C$4.89. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The company has a market cap of C$3.95 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of -0.28 and a beta of 1.51. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$7.00.

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.