Brokerages Set IAMGOLD Co. (TSE:IMG) Target Price at C$4.99

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have earned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$4.99.

IMG has been the subject of a number of research reports. National Bankshares increased their target price on IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Bank of America lifted their target price on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Stifel Nicolaus boosted their price objective on shares of IAMGOLD from C$3.00 to C$5.25 in a research report on Friday, April 19th. Canaccord Genuity Group raised their target price on shares of IAMGOLD from C$3.75 to C$5.50 in a research report on Tuesday, April 23rd. Finally, National Bank Financial reissued a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th.

IAMGOLD Price Performance

IMG opened at C$5.18 on Friday. The stock has a market cap of C$2.57 billion, a P/E ratio of 21.58, a P/E/G ratio of -0.28 and a beta of 1.44. IAMGOLD has a 12 month low of C$2.71 and a 12 month high of C$5.38. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05. The company has a fifty day simple moving average of C$4.58 and a 200 day simple moving average of C$3.77.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$405.19 million during the quarter. On average, research analysts expect that IAMGOLD will post 0.0746963 EPS for the current 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.