Brokerages Set IAMGOLD Co. (TSE:IMG) PT at C$7.29

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been given an average rating of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$8.43.

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

IAMGOLD Stock Up 1.5 %

IAMGOLD stock opened at C$7.46 on Monday. IAMGOLD has a fifty-two week low of C$3.00 and a fifty-two week high of C$8.80. The company has a market cap of C$4.25 billion, a PE ratio of 23.31, a PEG ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The business’s 50-day simple moving average is C$7.60 and its two-hundred day simple moving average is C$6.59.

Insider Activity

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Director Renaud Adams bought 36,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Insiders own 0.10% of the company’s stock.

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.