IAMGOLD (TSE:IMG) PT Raised to C$5.50 at Canaccord Genuity Group

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective boosted by investment analysts at Canaccord Genuity Group from C$3.75 to C$5.50 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 11.11% from the stock’s current price.

A number of other equities analysts have also weighed in on IMG. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Bank of America lifted their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Finally, National Bankshares lifted their target price on shares of IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$4.99.

IAMGOLD Stock Down 2.0 %

IMG stock opened at C$4.95 on Tuesday. The stock has a market capitalization of C$2.46 billion, a P/E ratio of 20.63, a PEG ratio of -0.28 and a beta of 1.44. The company has a 50 day moving average price of C$4.30 and a two-hundred day moving average price of C$3.65. IAMGOLD has a one year low of C$2.71 and a one year high of C$5.38. The company has a debt-to-equity ratio of 42.05, a quick ratio of 1.19 and a current ratio of 1.20.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.06. The company had revenue of C$405.19 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. As a group, sell-side analysts expect that IAMGOLD will post 0.0746963 EPS for the current year.

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.