IAMGOLD (TSE:IMG) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of IAMGOLD (TSE:IMG) (NYSE:IAG) in a report released on Friday, TipRanks reports. The brokerage issued a hold rating and a C$2.80 price target on the mining company’s stock.

IMG has been the topic of several other research reports. lifted their target price on shares of IAMGOLD from C$3.75 to C$4.00 in a report on Tuesday, November 16th. National Bankshares raised their price objective on shares of IAMGOLD from C$4.50 to C$4.75 in a research note on Friday, January 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, IAMGOLD has a consensus rating of Hold and a consensus target price of C$4.13.

Shares of IAMGOLD stock opened at C$3.28 on Friday. IAMGOLD has a 1 year low of C$2.75 and a 1 year high of C$4.62. The company has a debt-to-equity ratio of 20.84, a quick ratio of 1.39 and a current ratio of 2.01. The company has a market capitalization of C$1.56 billion and a P/E ratio of 468.57. The company’s fifty day moving average is C$3.88 and its two-hundred day moving average is C$3.46.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Wednesday, November 3rd. The mining company reported C($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.04). The firm had revenue of C$370.32 million for the quarter. As a group, equities analysts expect that IAMGOLD will post 0.1 earnings per share for the current year.

About IAMGOLD

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 situated in Burkina Faso, West Africa; the Westwood mine located in Quebec, Canada.

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Analyst Recommendations for IAMGOLD (TSE:IMG)

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