IAMGOLD (TSE:IMG) Stock Rating Upgraded by National Bankshares

National Bankshares upgraded shares of IAMGOLD (TSE:IMG) (NYSE:IAG) from a sector perform rating to an outperform rating in a research report released on Thursday, BayStreet.CA reports. National Bankshares currently has C$11.00 price target on the mining company’s stock, up from their prior price target of C$8.50.

A number of other brokerages also recently weighed in on IMG. Royal Bank of Canada downgraded shares of IAMGOLD from a moderate buy rating to a hold rating in a research note on Tuesday, September 10th. Canaccord Genuity Group raised their target price on shares of IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$6.12.

IAMGOLD Price Performance

IMG stock opened at C$6.64 on Thursday. The firm has a 50 day moving average of C$6.66 and a 200-day moving average of C$5.74. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. IAMGOLD has a 12 month low of C$2.87 and a 12 month high of C$7.55. The firm has a market capitalization of C$3.79 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.10. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. The company had revenue of C$527.18 million during the quarter. As a group, sell-side analysts predict that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of IAMGOLD stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Insiders own 0.10% of the company’s stock.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.