IAMGOLD Co. (TSE:IMG) Given Average Rating of “Buy” by Analysts

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$7.29.

IMG has been the subject of a number of research reports. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, National Bankshares raised their price target on IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd.

IAMGOLD Stock Down 3.9 %

Shares of IMG opened at C$7.60 on Monday. IAMGOLD has a 1 year low of C$3.00 and a 1 year high of C$8.80. 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 stock has a 50 day simple moving average of C$7.50 and a two-hundred day simple moving average of C$6.52. The firm has a market cap of C$4.33 billion, a P/E ratio of 23.75, a P/E/G ratio of -0.28 and a beta of 1.47.

Insiders Place Their Bets

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

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.