National Bank Financial Lowers Iamgold (TSE:IMG) Price Target to C$8.00

Iamgold (TSE:IMG) (NYSE:IAG) had its price target lowered by National Bank Financial from C$8.50 to C$8.00 in a research report report published on Monday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the mining company’s stock.

IMG has been the subject of several other research reports. Cormark lowered shares of Iamgold from a buy rating to a market perform rating and lowered their target price for the stock from C$7.00 to C$5.50 in a research note on Friday, August 9th. Canaccord Genuity increased their target price on shares of Iamgold from C$4.75 to C$5.25 in a research note on Friday, July 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$6.33.

Shares of IMG stock opened at C$4.57 on Monday. The company has a debt-to-equity ratio of 16.10, a current ratio of 4.14 and a quick ratio of 2.98. The firm has a market cap of $2.12 billion and a PE ratio of -21.36. The company has a 50-day moving average of C$4.72 and a two-hundred day moving average of C$4.36. Iamgold has a 1-year low of C$3.08 and a 1-year high of C$5.55.

Iamgold (TSE:IMG) (NYSE:IAG) last announced its earnings results on Wednesday, August 7th. The mining company reported C($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.03). The business had revenue of C$329.74 million for the quarter. Sell-side analysts anticipate that Iamgold will post 0.2102336 EPS for the current fiscal year.

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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