IAMGOLD (TSE:IMG) Price Target Raised to C$38.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price upped by Bank of America from C$32.50 to C$38.00 in a research note published on Thursday morning,BayStreet.CA reports.

IMG has been the subject of several other reports. Stifel Nicolaus increased their price objective on IAMGOLD from C$28.00 to C$40.00 in a research report on Tuesday, February 10th. TD Securities increased their price objective on IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, National Bank Financial raised their price target on IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$31.25.

IAMGOLD Price Performance

Shares of IMG opened at C$33.56 on Thursday. 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 has a twelve month low of C$7.27 and a twelve month high of C$33.64. The firm’s 50 day moving average price is C$26.62 and its 200 day moving average price is C$20.51. The firm has a market cap of C$19.76 billion, a PE ratio of 29.44, a PEG ratio of -0.28 and a beta of 1.60.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Tuesday, February 17th. The mining company reported C$0.96 earnings per share (EPS) for the quarter. The firm had revenue of C$1.46 billion during the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. As a group, research analysts expect 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.