IAMGOLD Co. (TSE:IMG) Receives Consensus Rating of “Buy” from Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have earned a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$10.67.

Several analysts recently weighed in on the company. Stifel Nicolaus increased their target price on IAMGOLD from C$9.50 to C$11.00 in a research note on Monday, April 21st. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares boosted their price objective on IAMGOLD from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd. BMO Capital Markets upgraded IAMGOLD to a “strong-buy” rating in a research note on Wednesday, April 16th. Finally, Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd.

Insider Buying and Selling

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 15,000 shares of IAMGOLD stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$8.52, for a total value of C$127,786.50. Also, Director Lawrence Peter O’hagan acquired 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of C$8.11 per share, with a total value of C$38,918.88. Insiders have purchased a total of 45,800 shares of company stock worth $370,999 in the last ninety days. 0.10% of the stock is owned by insiders.

IAMGOLD Price Performance

Shares of TSE:IMG opened at C$8.73 on Friday. IAMGOLD has a 12 month low of C$4.86 and a 12 month high of C$11.63. The stock has a market cap of C$3.55 billion, a price-to-earnings ratio of 4.53, a PEG ratio of -0.28 and a beta of 1.47. The stock’s 50 day moving average price is C$9.28 and its 200 day moving average price is C$8.44. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

About IAMGOLD

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.