Brokerages Set Iamgold Corp (TSE:IMG) PT at C$5.99

Shares of Iamgold Corp (TSE:IMG) (NYSE:IAG) have earned a consensus rating of “Buy” from the eight analysts that are currently covering the stock, reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$5.99.

A number of analysts have issued reports on IMG shares. National Bank Financial downgraded Detour Gold to a “hold” rating in a report on Friday, June 28th. TD Securities lifted their price target on WestJet Airlines from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Finally, Canaccord Genuity downgraded Iamgold from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$7.00 to C$3.75 in a report on Tuesday, May 7th.

TSE IMG traded up C$0.03 during trading on Friday, reaching C$4.62. 688,463 shares of the company’s stock were exchanged, compared to its average volume of 1,903,880. The firm has a market cap of $2.16 billion and a PE ratio of -19.13. The company has a debt-to-equity ratio of 14.22, a quick ratio of 3.04 and a current ratio of 4.18. The stock has a 50 day simple moving average of C$3.93. Iamgold has a 1 year low of C$3.08 and a 1 year high of C$7.92.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Analyst Recommendations for Iamgold (TSE:IMG)

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