IAMGOLD (TSE:IMG) Upgraded at Cibc World Mkts

Cibc World Mkts upgraded shares of IAMGOLD (TSE:IMG) (NYSE:IAG) from a hold rating to a strong-buy rating in a research report report published on Monday morning,Zacks.com reports.

IMG has been the topic of a number of other reports. National Bankshares raised their target price on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD presently has an average rating of “Buy” and an average target price of C$7.29.

IAMGOLD Trading Down 1.1 %

IMG opened at C$7.97 on Monday. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The company’s 50 day simple moving average is C$7.43 and its two-hundred day simple moving average is C$6.44. IAMGOLD has a 1-year low of C$2.87 and a 1-year high of C$8.80. The firm has a market capitalization of C$4.55 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

Insider Activity at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction that occurred 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. Also, Director Renaud Adams bought 36,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average price of C$6.95 per share, with a total value of C$250,102.80. 0.10% of the stock is owned by 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.