IAMGOLD (TSE:IMG) Price Target Raised to C$21.00 at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target raised by National Bankshares from C$15.50 to C$21.00 in a research note published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company’s stock.

Several other brokerages have also weighed in on IMG. Bank of America lifted their price objective on IAMGOLD from C$13.00 to C$15.50 in a report on Friday, August 29th. Raymond James Financial upgraded IAMGOLD to a “hold” rating in a research report on Monday, June 30th. Royal Bank Of Canada raised shares of IAMGOLD from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. Finally, Cormark increased their price target on shares of IAMGOLD from C$16.50 to C$20.00 in a report on Tuesday, September 16th. Four investment 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. Based on data from MarketBeat.com, IAMGOLD has an average rating of “Buy” and a consensus target price of C$16.88.

IAMGOLD Trading Down 2.0%

Shares of IMG opened at C$16.29 on Wednesday. The business has a 50-day moving average of C$12.16 and a 200 day moving average of C$10.42. IAMGOLD has a fifty-two week low of C$6.07 and a fifty-two week high of C$17.02. The firm has a market cap of C$9.37 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of -0.28 and a beta of 1.11. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89.

About IAMGOLD

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.