IAMGOLD Co. (TSE:IMG) Receives C$8.68 Consensus Target Price from Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have earned a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$8.68.

Several research firms have recently issued reports on IMG. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, National Bankshares upped their price target on IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th.

Insiders Place Their Bets

In other IAMGOLD news, Director Renaud Adams purchased 35,000 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of C$8.08 per share, with a total value of C$282,660.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s 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. Over the last three months, insiders have purchased 40,800 shares of company stock valued at $329,549. 0.10% of the stock is currently owned by corporate insiders.

IAMGOLD Price Performance

IMG opened at C$7.90 on Friday. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. IAMGOLD has a 52-week low of C$3.94 and a 52-week high of C$9.68. The stock has a market capitalization of C$3.21 billion, a PE ratio of 4.10, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The stock’s 50 day moving average price is C$8.39 and its 200-day moving average price is C$7.70.

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.