IAMGOLD (TSE:IMG) Upgraded by National Bank Financial to “Strong-Buy”

National Bank Financial upgraded shares of IAMGOLD (TSE:IMG) (NYSE:IAG) from a hold rating to a strong-buy rating in a report published on Wednesday, Zacks.com reports.

IMG has been the subject of a number of other reports. National Bankshares upgraded shares of IAMGOLD from a sector perform rating to an outperform rating and lifted their target price for the company from C$8.50 to C$11.00 in a research note on Thursday. Royal Bank of Canada cut shares of IAMGOLD from a moderate buy rating to a hold rating in a report on Tuesday, September 10th. Finally, Canaccord Genuity Group boosted their price target on IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$6.12.

IAMGOLD Stock Down 0.6 %

IAMGOLD stock opened at C$6.64 on Wednesday. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$7.55. 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 firm has a market cap of C$3.79 billion, a PE ratio of 20.75, a P/E/G ratio of -0.28 and a beta of 1.47. The firm’s 50 day moving average price is C$6.66 and its two-hundred day moving average price is C$5.74.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Thursday, August 8th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.10. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. The firm had revenue of C$527.18 million during the quarter. On average, research analysts predict that IAMGOLD will post 1.1121076 EPS for the current fiscal year.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. 0.10% of the stock is currently owned by corporate insiders.

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.