IAMGOLD (TSE:IMG) PT Raised to C$5.50 at Canaccord Genuity Group

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective hoisted by Canaccord Genuity Group from C$3.75 to C$5.50 in a report issued on Tuesday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. National Bankshares lifted their price target on shares of IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Stifel Nicolaus raised their price objective on IAMGOLD from C$3.00 to C$5.25 in a research report on Friday, April 19th. National Bank Financial reissued a sector perform spec overwgt rating on shares of IAMGOLD in a research report on Monday, April 8th. Finally, Bank of America raised their price objective on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, IAMGOLD currently has an average rating of Hold and a consensus target price of C$4.99.

IAMGOLD Stock Performance

TSE:IMG opened at C$5.05 on Tuesday. The stock has a market cap of C$2.51 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. The firm’s fifty day simple moving average is C$4.27 and its 200 day simple moving average is C$3.64. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$5.38. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results 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. The business had revenue of C$405.19 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. As a group, research analysts predict that IAMGOLD 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.