IAMGOLD (TSE:IMG) Sets New 12-Month High at $7.03

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) reached a new 52-week high on Monday . The stock traded as high as C$7.03 and last traded at C$6.98, with a volume of 441269 shares trading hands. The stock had previously closed at C$6.94.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group raised their target price on shares of IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. Royal Bank of Canada raised IAMGOLD from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 8th. Finally, National Bankshares raised their price target on IAMGOLD from C$6.50 to C$6.75 and gave the company a “sector perform” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5.03.

IAMGOLD Trading Up 1.7 %

The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The stock has a market capitalization of C$4.02 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of -0.28 and a beta of 1.51. The company has a 50-day moving average price of C$5.48 and a 200 day moving average price of C$4.90.

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.