IAMGOLD Co. (TSE:IMG) Given Consensus Recommendation of “Buy” by Analysts

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$22.20.

Several research firms have recently issued reports on IMG. Stifel Nicolaus upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$11.00 to C$28.00 in a research report on Monday, October 20th. Canaccord Genuity Group increased their price objective on shares of IAMGOLD from C$15.50 to C$19.50 in a report on Thursday, October 2nd. National Bankshares raised their price objective on IAMGOLD from C$23.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, December 9th. Finally, Stifel Canada upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th.

IAMGOLD Price Performance

Shares of IAMGOLD stock opened at C$27.42 on Wednesday. The company has a market capitalization of C$16.26 billion, a price-to-earnings ratio of 48.11, a PEG ratio of -0.28 and a beta of 1.49. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The stock’s 50-day simple moving average is C$22.12 and its 200-day simple moving average is C$16.85. IAMGOLD has a 52 week low of C$7.27 and a 52 week high of C$27.62.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its earnings results on Tuesday, November 4th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%.The company had revenue of C$984.02 million for the quarter. As a group, 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.