IAMGOLD (TSE:IMG – Get Rating) (NYSE:IAG) had its price target hoisted by stock analysts at National Bankshares from C$4.00 to C$4.10 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the mining company’s stock. National Bankshares’ price target indicates a potential upside of 12.64% from the company’s current price.
Several other research analysts have also weighed in on IMG. Canaccord Genuity Group lowered their target price on shares of IAMGOLD from C$3.30 to C$3.15 in a research note on Thursday, December 22nd. Stifel Nicolaus raised shares of IAMGOLD from a “sell” rating to a “hold” rating and increased their price objective for the stock from C$2.50 to C$3.25 in a research report on Wednesday, December 21st. Bank of America upped their price target on IAMGOLD from C$2.50 to C$3.10 in a research note on Tuesday, November 22nd. TD Securities lifted their price objective on IAMGOLD from C$3.25 to C$4.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. Finally, Cormark increased their target price on IAMGOLD from C$2.50 to C$3.75 in a research note on Wednesday, December 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, IAMGOLD currently has a consensus rating of “Hold” and an average target price of C$3.09.
IAMGOLD Stock Up 1.4 %
IMG stock opened at C$3.64 on Thursday. IAMGOLD has a one year low of C$1.27 and a one year high of C$4.74. The firm has a market cap of C$1.74 billion and a PE ratio of -5.35. The firm’s 50 day moving average price is C$3.06 and its 200-day moving average price is C$2.21. The company has a debt-to-equity ratio of 41.74, a quick ratio of 1.19 and a current ratio of 2.00.
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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