TD Reiterates “C$34.00” Price Target for IAMGOLD (TSE:IMG)

TD set a C$34.00 price target on IAMGOLD (TSE:IMG) (NYSE:IAG) in a research report released on Tuesday,BayStreet reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other equities analysts also recently commented on IMG. National Bank Financial upped their price target on shares of IAMGOLD from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, September 21st. Jefferies Financial Group raised shares of IAMGOLD to a “strong-buy” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, IAMGOLD has an average rating of “Buy” and a consensus price target of C$35.83.

IAMGOLD Trading Down 8.0%

IMG stock opened at C$23.01 on Tuesday. IAMGOLD has a twelve month low of C$15.30 and a twelve month high of C$34.09. The stock has a market capitalization of C$13.14 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of -0.28 and a beta of 2.20. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27. The firm’s fifty day simple moving average is C$27.23 and its two-hundred day simple moving average is C$24.71.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Thursday, August 6th. The mining company reported C$0.60 earnings per share (EPS) for the quarter. IAMGOLD had a net margin of 31.46% and a return on equity of 28.08%. The firm had revenue of C$1.22 billion during the quarter. As a group, analysts anticipate that IAMGOLD will post 1.11 earnings per share for the current year.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.