IAMGOLD Co. (TSE:IMG) Receives Consensus Recommendation of “Hold” from Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$4.99.

IMG has been the topic of a number of recent analyst reports. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. Canaccord Genuity Group upped their target price on IAMGOLD from C$3.75 to C$5.50 in a research report on Tuesday, April 23rd. Stifel Nicolaus raised their price target on IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. Bank of America upped their price objective on shares of IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Finally, National Bankshares lifted their target price on shares of IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th.

IAMGOLD Price Performance

Shares of IMG stock opened at C$4.93 on Friday. The stock’s 50-day moving average is C$4.52 and its 200 day moving average is C$3.74. IAMGOLD has a 1-year low of C$2.71 and a 1-year high of C$5.38. The company has a debt-to-equity ratio of 42.05, a current ratio of 1.20 and a quick ratio of 1.19. The company has a market cap of C$2.45 billion, a P/E ratio of 20.54, a PEG ratio of -0.28 and a beta of 1.44.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The firm had revenue of C$405.19 million for the quarter. Research analysts predict that IAMGOLD will post 0.0746963 earnings per share for the current fiscal 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.