IAMGOLD (TSE:IMG) Price Target Raised to C$5.25 at Stifel Nicolaus

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target boosted by Stifel Nicolaus from C$3.00 to C$5.25 in a report issued on Friday, BayStreet.CA reports.

IMG has been the subject of a number of other reports. Bank of America lifted their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. National Bank Financial restated a sector perform spec overwgt rating on shares of IAMGOLD in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of C$4.92.

IAMGOLD Stock Up 0.6 %

TSE IMG opened at C$5.05 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 42.05. IAMGOLD has a 1-year low of C$2.71 and a 1-year high of C$5.38. The company has a 50 day moving average of C$4.20 and a 200-day moving average of C$3.60. The company has a market cap of C$2.51 billion, a price-to-earnings ratio of 21.04, a PEG ratio of -0.28 and a beta of 1.44.

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

IAMGOLD Company Profile

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.