IAMGOLD (TSE:IMG) PT Raised to C$2.50

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) had its target price boosted by Cormark from C$2.25 to C$2.50 in a report released on Thursday, MarketBeat Ratings reports. Cormark’s price target indicates a potential upside of 2.04% from the company’s current price. Cormark also issued estimates for IAMGOLD’s FY2023 earnings at $0.08 EPS.

Other equities research analysts have also recently issued research reports about the stock. TD Securities dropped their price target on shares of IAMGOLD from C$4.00 to C$3.50 and set a “buy” rating for the company in a research report on Friday, August 5th. National Bankshares raised their target price on IAMGOLD from C$2.10 to C$2.25 and gave the stock a “sector perform” rating in a research note on Wednesday, October 19th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$2.89.

IAMGOLD Price Performance

Shares of IAMGOLD stock opened at C$2.45 on Thursday. The company has a debt-to-equity ratio of 28.68, a current ratio of 1.77 and a quick ratio of 0.98. IAMGOLD has a one year low of C$1.27 and a one year high of C$4.74. The business’s 50 day simple moving average is C$1.72 and its two-hundred day simple moving average is C$2.12. The stock has a market capitalization of C$1.17 billion and a P/E ratio of -3.60.

IAMGOLD Company Profile

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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.

Further Reading

Analyst Recommendations for IAMGOLD (TSE:IMG)

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