TD Securities Issues Positive Forecast for IAMGOLD (TSE:IMG) Stock Price

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price lifted by TD Securities from C$24.00 to C$34.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other research firms also recently issued reports on IMG. National Bankshares lifted their price objective on IAMGOLD from C$23.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 9th. Canaccord Genuity Group boosted their price target on shares of IAMGOLD from C$15.50 to C$19.50 in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and increased their price objective for the company from C$11.00 to C$28.00 in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$24.17.

IAMGOLD Stock Performance

Shares of TSE IMG opened at C$27.59 on Thursday. The company has a market cap of C$16.36 billion, a P/E ratio of 48.40, a P/E/G ratio of -0.28 and a beta of 1.49. IAMGOLD has a 52-week low of C$7.27 and a 52-week high of C$28.23. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The firm’s fifty day moving average is C$22.42 and its two-hundred day moving average is C$16.99.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Tuesday, November 4th. The mining company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$984.02 million during the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%. As a group, analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current fiscal year.

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. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.