IAMGOLD (TSE:IMG) Given New C$20.00 Price Target at Cormark

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price lifted by Cormark from C$16.50 to C$20.00 in a research note published on Tuesday morning,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. Raymond James Financial raised shares of IAMGOLD to a “hold” rating in a research report on Monday, June 30th. Royal Bank Of Canada upgraded shares of IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. National Bankshares boosted their target price on shares of IAMGOLD from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, June 24th. Finally, Bank of America boosted their target price on shares of IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, IAMGOLD presently has an average rating of “Buy” and a consensus target price of C$15.63.

IAMGOLD Trading Down 3.6%

TSE:IMG opened at C$15.14 on Tuesday. IAMGOLD has a 12 month low of C$6.07 and a 12 month high of C$15.98. The firm has a market cap of C$8.71 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of -0.28 and a beta of 1.11. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The company’s 50 day moving average is C$11.40 and its 200-day moving average is C$10.11.

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.