Stifel Nicolaus Increases IAMGOLD (TSE:IMG) Price Target to C$11.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price boosted by investment analysts at Stifel Nicolaus from C$9.50 to C$11.00 in a research report issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective suggests a potential upside of 3.00% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. National Bank Financial upgraded IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. National Bankshares raised their price target on IAMGOLD from C$13.50 to C$15.00 and gave the company an “outperform” rating in a report on Wednesday, April 2nd. Finally, BMO Capital Markets raised IAMGOLD to a “strong-buy” rating in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$10.67.

IAMGOLD Price Performance

Shares of TSE:IMG traded down C$0.15 during trading on Monday, hitting C$10.68. 1,943,824 shares of the company’s stock were exchanged, compared to its average volume of 2,083,729. The business’s 50-day simple moving average is C$8.81 and its 200 day simple moving average is C$8.13. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. IAMGOLD has a 52-week low of C$4.72 and a 52-week high of C$11.63. The company has a market cap of C$4.34 billion, a price-to-earnings ratio of 5.54, a PEG ratio of -0.28 and a beta of 1.47.

Insider Activity

In other news, Senior Officer Bruno Lemelin sold 15,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$8.52, for a total value of C$127,786.50. Also, Director Renaud Adams purchased 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of C$8.08 per share, with a total value of C$282,660.00. Insiders purchased 45,800 shares of company stock valued at $370,999 in the last ninety days. Insiders own 0.10% of the company’s stock.

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.