National Bankshares Increases IAMGOLD (TSE:IMG) Price Target to C$23.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective upped by analysts at National Bankshares from C$21.00 to C$23.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price target would indicate a potential upside of 11.70% from the stock’s current price.

A number of other research firms have also recently commented on IMG. Cormark upped their price target on IAMGOLD from C$16.50 to C$20.00 in a research note on Tuesday, September 16th. Canaccord Genuity Group increased their target price on IAMGOLD from C$15.50 to C$19.50 in a research note on Thursday, October 2nd. Raymond James Financial raised IAMGOLD to a “hold” rating in a research report on Monday, June 30th. Bank of America boosted their price target on shares of IAMGOLD from C$13.00 to C$15.50 in a research note on Friday, August 29th. Finally, Royal Bank Of Canada raised shares of IAMGOLD from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and a consensus target price of C$17.80.

IAMGOLD Price Performance

Shares of IMG opened at C$20.59 on Wednesday. The firm has a 50-day simple moving average of C$14.90 and a two-hundred day simple moving average of C$11.50. The stock has a market cap of C$11.84 billion, a PE ratio of 14.40, a P/E/G ratio of -0.28 and a beta of 1.30. IAMGOLD has a 1-year low of C$6.87 and a 1-year high of C$20.63. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

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.