IAMGOLD Co. (TSE:IMG) Given Average Rating of “Buy” by Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$13.50.

Several equities research analysts recently weighed in on IMG shares. Raymond James Financial upgraded IAMGOLD to a “hold” rating in a report on Monday, June 30th. National Bankshares boosted their target price on IAMGOLD from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Tuesday, June 24th.

IAMGOLD Trading Up 3.0%

Shares of IMG stock opened at C$12.13 on Friday. IAMGOLD has a 1-year low of C$6.07 and a 1-year high of C$12.25. The firm’s 50-day simple moving average is C$10.16 and its 200-day simple moving average is C$9.53. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The firm has a market cap of C$4.93 billion, a P/E ratio of 6.29, a PEG ratio of -0.28 and a beta of 1.47.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada.