BMO Capital Markets Forecasts Strong Price Appreciation for IAMGOLD (TSE:IMG) Stock

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective boosted by equities research analysts at BMO Capital Markets from C$27.00 to C$32.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 36.64% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Bank of America raised their target price on shares of IAMGOLD from C$32.50 to C$38.00 in a report on Thursday, February 26th. TD Securities upped their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Stifel Nicolaus increased their price objective on shares of 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$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, IAMGOLD has an average rating of “Moderate Buy” and a consensus price target of C$32.07.

IAMGOLD Stock Performance

TSE:IMG opened at C$23.42 on Wednesday. The firm has a market capitalization of C$13.64 billion, a PE ratio of 20.54, a PEG ratio of -0.28 and a beta of 2.11. The stock’s fifty day moving average is C$27.55 and its 200 day moving average is C$23.81. IAMGOLD has a fifty-two week low of C$8.46 and a fifty-two week high of C$34.09. The company has a debt-to-equity ratio of 20.08, a quick ratio of 1.19 and a current ratio of 1.75.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Wednesday, February 18th. The mining company reported C$0.96 EPS for the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%. The company had revenue of C$1.46 billion during the quarter. On average, sell-side analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current 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.