IAMGOLD (TSE:IMG) Price Target Cut to C$3.25

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) had its price target lowered by stock analysts at Stifel Nicolaus from C$3.50 to C$3.25 in a report issued on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential downside of 10.96% from the stock’s previous close.

IMG has been the subject of a number of other reports. Royal Bank of Canada lowered shares of IAMGOLD from a “sector perform” rating to a “sell” rating and set a C$2.00 price target for the company. in a research report on Wednesday, April 20th. TD Securities lifted their target price on shares of IAMGOLD from C$5.00 to C$5.50 in a research report on Wednesday, January 26th. BMO Capital Markets lowered shares of IAMGOLD from an “outperform” rating to a “hold” rating and set a C$2.75 price target on the stock. in a report on Monday, April 18th. National Bank Financial dropped their price objective on shares of IAMGOLD to C$4.50 and set an “outperform” rating for the company in a report on Monday, January 17th. Finally, National Bankshares upped their price objective on IAMGOLD from C$5.00 to C$5.50 in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, IAMGOLD presently has a consensus rating of “Hold” and a consensus target price of C$4.01.

IMG traded up C$0.01 during trading on Wednesday, reaching C$3.65. 617,577 shares of the company were exchanged, compared to its average volume of 1,328,486. IAMGOLD has a 12-month low of C$2.75 and a 12-month high of C$4.74. The company’s 50-day moving average is C$4.22 and its two-hundred day moving average is C$3.82. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 22.87. The company has a market cap of C$1.75 billion and a price-to-earnings ratio of -5.45.

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) last announced its quarterly earnings results on Wednesday, February 23rd. The mining company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$371.42 million during the quarter. Equities analysts forecast that IAMGOLD will post 0.18 earnings per share for the current year.

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

About IAMGOLD (Get Rating)

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, 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 and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.

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