Analysts Set IAMGOLD Co. (TSE:IMG) Price Target at C$27.50

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$27.50.

A number of research firms have issued reports on IMG. TD Securities raised their target price on IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus increased their price objective on IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. Finally, National Bank Financial raised their price objective on shares of IAMGOLD from C$28.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd.

IAMGOLD Stock Down 0.8%

Shares of IAMGOLD stock opened at C$30.42 on Thursday. The firm has a market cap of C$18.04 billion, a price-to-earnings ratio of 53.37, a P/E/G ratio of -0.28 and a beta of 1.60. The stock has a 50-day simple moving average of C$25.64 and a 200-day simple moving average of C$19.76. IAMGOLD has a 52-week low of C$7.27 and a 52-week high of C$31.57. 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 (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Tuesday, February 17th. The mining company reported C$0.96 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$1.46 billion during the quarter. On average, equities research analysts expect that IAMGOLD will post 1.1121076 earnings per share 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.