Brokerages Set IAMGOLD Co. (TSE:IMG) Target Price at C$22.20

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have received an average rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$22.20.

IMG has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of IAMGOLD from C$15.50 to C$19.50 in a research report on Thursday, October 2nd. National Bankshares raised their price objective on shares of IAMGOLD from C$23.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Stifel Nicolaus raised IAMGOLD from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$11.00 to C$28.00 in a report on Monday, October 20th. Stifel Canada upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Cormark raised their price target on IAMGOLD from C$16.50 to C$20.00 in a report on Tuesday, September 16th.

IAMGOLD Stock Down 4.6%

IMG opened at C$22.58 on Friday. IAMGOLD has a 52 week low of C$7.19 and a 52 week high of C$24.63. The business has a 50 day moving average price of C$19.85 and a two-hundred day moving average price of C$15.29. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The company has a market cap of C$13.39 billion, a PE ratio of 39.61, a P/E/G ratio of -0.28 and a beta of 0.98.

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

IAMGOLD Company Profile

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. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.