IAMGOLD (TSE:IMG) Given New C$12.00 Price Target at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective decreased by stock analysts at National Bankshares from C$12.50 to C$12.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price would suggest a potential upside of 46.70% from the stock’s previous close.

IMG has been the topic of a number of other reports. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Stifel Nicolaus upped their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, IAMGOLD presently has an average rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Price Performance

Shares of IAMGOLD stock opened at C$8.18 on Thursday. The stock has a market cap of C$4.67 billion, a P/E ratio of 25.56, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The stock’s fifty day moving average is C$7.60 and its 200 day moving average is C$6.85. IAMGOLD has a one year low of C$3.00 and a one year high of C$8.80.

Insider Transactions at IAMGOLD

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total value of C$136,080.00. Also, Director Renaud Adams purchased 36,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. Insiders own 0.10% of the company’s stock.

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.