IAMGOLD Co. (TSE:IMG) Receives C$4.31 Average Price Target from Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has received an average rating of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$4.31.

Several equities analysts recently issued reports on the company. BMO Capital Markets cut their target price on IAMGOLD from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a research report on Tuesday, December 19th. Stifel Nicolaus cut their price target on IAMGOLD from C$3.50 to C$3.00 and set a “hold” rating on the stock in a research report on Friday, January 26th. National Bankshares increased their price target on IAMGOLD from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a research report on Tuesday, December 19th. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. Finally, Bank of America increased their price target on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday.

IAMGOLD Stock Performance

Shares of IMG opened at C$4.98 on Wednesday. IAMGOLD has a 12 month low of C$2.71 and a 12 month high of C$5.38. The stock has a fifty day moving average price of C$4.03 and a 200-day moving average price of C$3.52. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 42.05. The firm has a market cap of C$2.47 billion, a PE ratio of 20.75, a P/E/G ratio of -0.28 and a beta of 1.44.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The firm had revenue of C$405.19 million during the quarter. Equities research analysts predict that IAMGOLD will post 0.0746963 earnings per share for the current fiscal year.

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.