IAMGOLD (TSE:IMG) Given New C$19.50 Price Target at Canaccord Genuity Group

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective raised by Canaccord Genuity Group from C$15.50 to C$19.50 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on IMG. Raymond James Financial upgraded IAMGOLD to a “hold” rating in a research note on Monday, June 30th. Cormark upped their price objective on IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. National Bankshares upped their price objective on IAMGOLD from C$15.50 to C$21.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Bank of America upped their price objective on IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th. Finally, Royal Bank Of Canada upgraded IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Four analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and a consensus target price of C$17.40.

IAMGOLD Price Performance

Shares of IMG stock opened at C$18.57 on Thursday. IAMGOLD has a twelve month low of C$6.07 and a twelve month high of C$18.58. The stock has a market capitalization of C$10.68 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of -0.28 and a beta of 1.11. The stock has a fifty day simple moving average of C$13.11 and a two-hundred day simple moving average of C$10.82. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93.

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.