IAMGOLD (TSE:IMG) Price Target Raised to C$34.00 at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target upped by National Bankshares from C$28.00 to C$34.00 in a research note released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

Several other equities analysts have also issued reports on IMG. Canaccord Genuity Group lifted their target price on shares of IAMGOLD from C$15.50 to C$19.50 in a report on Thursday, October 2nd. TD Securities boosted their price target on IAMGOLD from C$24.00 to C$34.00 in a research note on Thursday. Finally, Stifel Nicolaus raised 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$25.17.

IAMGOLD Stock Up 4.0%

IMG stock opened at C$28.69 on Friday. IAMGOLD has a fifty-two week low of C$7.27 and a fifty-two week high of C$29.01. The company has a market capitalization of C$17.01 billion, a price-to-earnings ratio of 50.33, a price-to-earnings-growth ratio of -0.28 and a beta of 1.49. The business’s 50 day moving average price is C$22.61 and its two-hundred day moving average price is C$17.12. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Tuesday, November 4th. The mining company reported C$0.30 EPS for the quarter. The company 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 forecast that IAMGOLD will post 1.1121076 earnings per share 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.