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

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$8.43.

Several research firms recently commented on IMG. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. National Bankshares boosted their price target on shares of IAMGOLD from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus boosted their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st.

Insider Buying and Selling

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. Corporate insiders own 0.10% of the company’s stock.

IAMGOLD Stock Up 1.5 %

IMG stock opened at C$7.46 on Monday. The company has a market cap of C$4.25 billion, a price-to-earnings ratio of 23.31, a PEG ratio of -0.28 and a beta of 1.47. The firm has a 50-day moving average of C$7.60 and a two-hundred day moving average of C$6.59. IAMGOLD has a 12 month low of C$3.00 and a 12 month high of C$8.80. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

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.