IAMGOLD (TSE:IMG) Stock Price Expected to Rise, National Bankshares Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price hoisted by National Bankshares from C$12.00 to C$13.50 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

A number of other research analysts also recently weighed in on the company. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$8.68.

IAMGOLD Stock Down 1.5 %

IMG stock opened at C$9.28 on Tuesday. IAMGOLD has a fifty-two week low of C$3.18 and a fifty-two week high of C$9.68. The business’s 50 day moving average price is C$8.12 and its two-hundred day moving average price is C$7.37. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The company has a market capitalization of C$3.77 billion, a price-to-earnings ratio of 4.82, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

Insider Activity at IAMGOLD

In other news, Senior Officer Stephen Eddy sold 16,100 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. 0.10% of the stock is currently owned by insiders.

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.