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

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been given a consensus rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$10.67.

Several research analysts have weighed in on the company. National Bank Financial raised IAMGOLD to a “strong-buy” rating in a research report on Friday, March 21st. BMO Capital Markets raised IAMGOLD to a “strong-buy” rating in a research report on Wednesday, April 16th. National Bankshares upped their target price on IAMGOLD from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd. Finally, Stifel Nicolaus upped their target price on IAMGOLD from C$9.50 to C$11.00 in a research report on Monday, April 21st.

IAMGOLD Stock Down 0.5%

TSE:IMG opened at C$10.15 on Tuesday. The firm has a market capitalization of C$4.12 billion, a price-to-earnings ratio of 5.27, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1-year low of C$4.86 and a 1-year high of C$11.63. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The business’s fifty day moving average price is C$9.59 and its 200 day moving average price is C$8.70.

Insider Transactions at IAMGOLD

In related news, Senior Officer Bruno Lemelin sold 15,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Christiane Bergevin bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of C$8.29 per share, with a total value of C$41,450.00. 0.10% of the stock is currently owned by corporate insiders.

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.