Iamgold Corp (IMG) Receives C$5.74 Consensus PT from Brokerages

Shares of Iamgold Corp (TSE:IMG) (NYSE:IAG) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$5.74.

Several research analysts recently issued reports on IMG shares. Desjardins upgraded shares of Iamgold from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. GMP Securities reiterated a “buy” rating and issued a C$6.70 price target on shares of Iamgold in a research note on Friday, February 22nd. National Bank Financial increased their price target on shares of Iamgold from C$6.75 to C$7.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Canaccord Genuity lowered shares of Iamgold from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$7.00 to C$3.75 in a research note on Tuesday, May 7th. Finally, TD Securities decreased their price target on shares of Iamgold from C$9.50 to C$6.50 and set a “buy” rating for the company in a research note on Wednesday, May 8th.

Shares of TSE:IMG traded down C$0.03 on Thursday, hitting C$3.47. The company had a trading volume of 4,388,900 shares, compared to its average volume of 1,884,390. Iamgold has a 1 year low of C$3.15 and a 1 year high of C$8.20. The company has a current ratio of 4.18, a quick ratio of 3.04 and a debt-to-equity ratio of 14.22. The stock has a market cap of $1.62 billion and a price-to-earnings ratio of -14.40.

Iamgold (TSE:IMG) (NYSE:IAG) last posted its earnings results on Wednesday, February 20th. The mining company reported C($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.02) by C($0.02). The firm had revenue of C$362.56 million for the quarter. Equities analysts forecast that Iamgold will post 0.0900000036677117 EPS for the current fiscal year.

In related news, Senior Officer Benjamin Richard Little sold 20,911 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$4.75, for a total value of C$99,327.25. Following the completion of the transaction, the insider now directly owns 38,617 shares in the company, valued at approximately C$183,430.75.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Analyst Recommendations for Iamgold (TSE:IMG)

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