Analysts Set IAMGOLD Co. (TSE:IMG) Price Target at C$31.25

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$31.25.

Several brokerages recently commented on IMG. National Bank Financial upped their price target on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Stifel Nicolaus boosted their target price on IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. TD Securities upped their target price on IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Bank of America increased their price target on IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th.

IAMGOLD Stock Down 4.5%

TSE IMG opened at C$22.10 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.75 and a debt-to-equity ratio of 20.08. IAMGOLD has a 52 week low of C$7.63 and a 52 week high of C$34.09. The firm has a market capitalization of C$13.01 billion, a price-to-earnings ratio of 19.39, a PEG ratio of -0.28 and a beta of 1.75. The company has a fifty day moving average of C$28.10 and a two-hundred day moving average of C$22.28.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Tuesday, February 17th. The mining company reported C$0.96 earnings per share for the quarter. The business had revenue of C$1.46 billion for the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%. On average, analysts predict that IAMGOLD will post 1.1121076 earnings per share 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.