IAMGOLD (TSE:IMG) Hits New 1-Year High at $5.25

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$5.25 and last traded at C$5.25, with a volume of 535114 shares changing hands. The stock had previously closed at C$4.97.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Stifel Nicolaus dropped their target price on IAMGOLD from C$3.50 to C$3.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Bank of America boosted their target price on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. National Bankshares boosted their target price on IAMGOLD from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a research report on Tuesday, December 19th. Finally, BMO Capital Markets dropped their target price on IAMGOLD from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$4.31.

IAMGOLD Stock Down 3.1 %

The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05. The company has a 50-day simple moving average of C$4.03 and a two-hundred day simple moving average of C$3.52. The stock has a market cap of C$2.47 billion, a P/E ratio of 20.75, a P/E/G ratio of -0.28 and a beta of 1.44.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The firm had revenue of C$405.19 million during the quarter. On average, equities analysts forecast that IAMGOLD Co. will post 0.0746963 EPS for the current year.

IAMGOLD Company Profile

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.