IAMGOLD (TSE:IMG) Price Target Increased to C$12.00 by Analysts at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective lifted by National Bankshares from C$11.00 to C$12.00 in a research note released on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

IMG has been the topic of a number of other reports. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus increased their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$6.91.

IAMGOLD Stock Down 3.4 %

Shares of TSE IMG opened at C$8.03 on Wednesday. The firm’s 50-day simple moving average is C$7.08 and its 200 day simple moving average is C$5.96. The company has a market cap of C$4.58 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 1.34 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$8.80.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share (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 for the quarter. On average, research analysts expect that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. 0.10% of the stock is owned by company insiders.

IAMGOLD Company Profile

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.