IAMGOLD (TSE:IMG) PT Raised to C$3.10

IAMGOLD (TSE:IMGGet Rating) (NYSE:IAG) had its price target boosted by Bank of America from C$2.50 to C$3.10 in a report released on Tuesday morning, MarketBeat.com reports.

Other equities research analysts also recently issued research reports about the company. National Bankshares boosted their price objective on IAMGOLD from C$2.25 to C$2.50 and gave the company a sector perform rating in a report on Thursday, November 10th. Cormark boosted their price target on shares of IAMGOLD from C$2.25 to C$2.50 in a research note on Thursday, November 10th. Finally, TD Securities lowered their price objective on shares of IAMGOLD from C$4.00 to C$3.50 and set a buy rating on the stock in a report on Friday, August 5th. Five research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, IAMGOLD currently has a consensus rating of Hold and a consensus price target of C$2.80.

IAMGOLD Stock Performance

Shares of IAMGOLD stock opened at C$2.63 on Tuesday. The business has a 50-day simple moving average of C$1.83 and a 200 day simple moving average of C$2.06. IAMGOLD has a one year low of C$1.27 and a one year high of C$4.74. The company has a debt-to-equity ratio of 41.74, a current ratio of 2.00 and a quick ratio of 1.19. The firm has a market capitalization of C$1.26 billion and a price-to-earnings ratio of -3.86.

About IAMGOLD

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IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.

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