IAMGOLD Co. (TSE:IMG) Given Consensus Rating of “Buy” by Brokerages

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been given a consensus recommendation of “Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$31.25.

Several brokerages have recently issued reports on IMG. Stifel Nicolaus boosted their price objective on IAMGOLD from C$28.00 to C$40.00 in a report on Tuesday, February 10th. TD Securities lifted their price target on IAMGOLD from C$34.00 to C$36.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. National Bank Financial boosted their target price on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, Bank of America upped their price objective on shares of IAMGOLD from C$32.50 to C$38.00 in a research report on Thursday, February 26th.

IAMGOLD Stock Performance

IMG opened at C$27.23 on Monday. IAMGOLD has a 12-month low of C$7.63 and a 12-month high of C$34.09. The company has a current ratio of 1.75, a quick ratio of 1.19 and a debt-to-equity ratio of 20.08. The firm has a market capitalization of C$16.03 billion, a PE ratio of 23.89, a P/E/G ratio of -0.28 and a beta of 1.75. The firm has a 50 day moving average of C$27.97 and a two-hundred day moving average of C$21.86.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Tuesday, February 17th. The mining company reported C$0.96 EPS for the quarter. The business had revenue of C$1.46 billion for the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%. On average, analysts anticipate that IAMGOLD will post 1.1121076 EPS for the current 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.