Brokerages Set IAMGOLD Co. (TSE:IMG) PT at C$7.29

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$7.29.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 10th. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares raised their price objective on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Renaud Adams acquired 36,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. Insiders own 0.10% of the company’s stock.

IAMGOLD Price Performance

IAMGOLD stock opened at C$7.56 on Thursday. The firm has a market cap of C$4.31 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a 52-week low of C$2.87 and a 52-week high of C$8.80. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The company’s 50 day moving average is C$7.38 and its two-hundred day moving average is C$6.37.

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.