IAMGOLD (TSE:IMG) Price Target Lowered to C$12.00 at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target reduced by research analysts at National Bankshares from C$12.50 to C$12.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would suggest a potential upside of 44.40% from the stock’s previous close.

Several other research firms also recently commented on IMG. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Stifel Nicolaus upped their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Finally, National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$8.30.

IAMGOLD Stock Performance

Shares of TSE:IMG traded up C$0.17 on Thursday, hitting C$8.31. The company had a trading volume of 569,525 shares, compared to its average volume of 1,263,344. The stock has a market cap of C$4.74 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of -0.28 and a beta of 1.47. The stock has a 50 day moving average price of C$7.59 and a 200 day moving average price of C$6.80. IAMGOLD has a 1-year low of C$3.00 and a 1-year high of C$8.80. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Insider Buying and Selling

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of IAMGOLD stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Renaud Adams purchased 36,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. 0.10% of the stock is owned by corporate insiders.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.