National Bankshares Issues Pessimistic Forecast for IAMGOLD (TSE:IMG) Stock Price

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price lowered by National Bankshares from C$12.50 to C$12.00 in a report published on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company’s stock.

IMG has been the topic of several other research reports. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Stock Up 1.6 %

IMG stock opened at C$8.27 on Thursday. The stock has a market capitalization of C$4.72 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a fifty day moving average of C$7.59 and a 200-day moving average of C$6.83. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. IAMGOLD has a one year low of C$3.00 and a one year high of C$8.80.

Insider Transactions at IAMGOLD

In related news, Director Renaud Adams acquired 36,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. Corporate 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.