IAMGOLD Co. (TSE:IMG) Receives Average Recommendation of “Buy” from Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$17.80.

A number of research analysts have weighed in on IMG shares. National Bankshares lifted their price target on shares of IAMGOLD from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Cormark lifted their price target on shares of IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. Royal Bank Of Canada raised shares of IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Raymond James Financial raised shares of IAMGOLD to a “hold” rating in a research note on Monday, June 30th. Finally, Bank of America lifted their price objective on shares of IAMGOLD from C$13.00 to C$15.50 in a report on Friday, August 29th.

IAMGOLD Stock Down 8.9%

IAMGOLD stock opened at C$18.76 on Monday. The company’s 50 day simple moving average is C$15.07 and its 200 day simple moving average is C$11.60. IAMGOLD has a fifty-two week low of C$6.87 and a fifty-two week high of C$20.63. The firm has a market capitalization of C$10.79 billion, a price-to-earnings ratio of 13.12, a PEG ratio of -0.28 and a beta of 1.30. 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 Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada.