IAMGOLD (TSE:IMG) Stock Rating Lowered by BMO Capital Markets

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) was downgraded by stock analysts at BMO Capital Markets to a “hold” rating in a research report issued to clients and investors on Monday, TipRanks reports. They presently have a C$2.75 price objective on the mining company’s stock. BMO Capital Markets’ price target would suggest a potential downside of 37.21% from the stock’s previous close.

Several other research analysts have also commented on the company. National Bank Financial dropped their price target on IAMGOLD to C$4.50 and set an “outperform” rating for the company in a research report on Monday, January 17th. National Bankshares boosted their target price on IAMGOLD from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, March 11th. TD Securities raised their price target on IAMGOLD from C$5.00 to C$5.50 in a research report on Wednesday, January 26th. Finally, Canaccord Genuity Group boosted their price objective on shares of IAMGOLD from C$3.50 to C$4.00 in a research report on Friday, March 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$4.18.

Shares of IMG traded down C$0.31 during mid-day trading on Monday, hitting C$4.38. 1,514,908 shares of the stock were exchanged, compared to its average volume of 1,321,187. The company has a debt-to-equity ratio of 22.87, a quick ratio of 1.03 and a current ratio of 1.64. The company has a market cap of C$2.10 billion and a PE ratio of -6.55. IAMGOLD has a 52-week low of C$2.75 and a 52-week high of C$4.74. The firm has a 50-day moving average of C$4.17 and a two-hundred day moving average of C$3.76.

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) last released its quarterly earnings results on Wednesday, February 23rd. The mining company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$371.42 million for the quarter. On average, sell-side analysts predict that IAMGOLD will post 0.1403057 EPS for the current year.

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 74,794 shares of the firm’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of C$4.30, for a total transaction of C$321,614.20. Following the transaction, the insider now directly owns 16,800 shares in the company, valued at approximately C$72,240. Also, Senior Officer Benjamin Richard Little sold 22,000 shares of IAMGOLD stock in a transaction on Monday, February 28th. The shares were sold at an average price of C$3.73, for a total value of C$82,060.00. Following the sale, the insider now directly owns 38,617 shares of the company’s stock, valued at C$144,041.41.

IAMGOLD Company Profile (Get Rating)

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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