National Bankshares Forecasts Strong Price Appreciation for IAMGOLD (TSE:IMG) Stock

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective hoisted by equities researchers at National Bankshares from C$12.00 to C$13.50 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would suggest a potential upside of 43.31% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$8.68.

IAMGOLD Stock Up 3.3 %

IMG stock opened at C$9.42 on Tuesday. The stock has a market cap of C$5.37 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The firm’s 50-day simple moving average is C$8.10 and its 200 day simple moving average is C$7.34. IAMGOLD has a fifty-two week low of C$3.15 and a fifty-two week high of C$9.68. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17.

Insiders Place Their Bets

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. 0.10% of the stock is owned by company insiders.

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.