National Bankshares Issues Positive Forecast for IAMGOLD (TSE:IMG) Stock Price

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price hoisted by research analysts at National Bankshares from C$23.00 to C$28.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price indicates a potential upside of 33.72% from the stock’s current price.

Several other research analysts have also issued reports on the company. Stifel Nicolaus upgraded IAMGOLD from a “hold” rating to a “buy” rating and raised their price target for the stock from C$11.00 to C$28.00 in a research report on Monday, October 20th. Royal Bank Of Canada upgraded IAMGOLD from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. Bank of America boosted their target price on IAMGOLD from C$13.00 to C$15.50 in a research report on Friday, August 29th. Cormark lifted their price objective on shares of IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. Finally, Stifel Canada upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and a consensus target price of C$22.20.

IAMGOLD Trading Up 1.8%

Shares of TSE:IMG traded up C$0.37 during trading on Tuesday, hitting C$20.94. 844,826 shares of the company’s stock were exchanged, compared to its average volume of 2,194,133. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The firm has a market cap of C$12.05 billion, a P/E ratio of 36.74, a PEG ratio of -0.28 and a beta of 0.98. The firm has a 50-day moving average price of C$18.67 and a two-hundred day moving average price of C$13.94. IAMGOLD has a 1-year low of C$7.19 and a 1-year high of C$22.06.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Tuesday, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. The firm had revenue of C$984.02 million for the quarter. Equities analysts predict that IAMGOLD will post 1.1121076 earnings per share for the current year.

About IAMGOLD

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada.