IAMGOLD (TSE:IMG) Price Target Raised to C$40.00 at Stifel Nicolaus

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective boosted by Stifel Nicolaus from C$28.00 to C$40.00 in a report released on Tuesday,BayStreet.CA reports.

Several other equities analysts have also issued reports on IMG. TD Securities lifted their price target on IAMGOLD from C$24.00 to C$34.00 in a research note on Thursday, January 22nd. National Bankshares raised their price objective on IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, IAMGOLD currently has an average rating of “Buy” and an average target price of C$27.17.

IAMGOLD Price Performance

Shares of TSE:IMG opened at C$29.30 on Tuesday. The firm has a 50 day moving average of C$24.32 and a 200-day moving average of C$18.71. IAMGOLD has a 12 month low of C$7.27 and a 12 month high of C$30.30. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. The stock has a market capitalization of C$17.38 billion, a PE ratio of 51.40, a PEG ratio of -0.28 and a beta of 1.60.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Tuesday, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. The business had revenue of C$984.02 million for the quarter. On average, equities research analysts predict that IAMGOLD will post 1.1121076 EPS for the current fiscal year.

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. 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.