IAMGOLD (TSE:IMG) Price Target Raised to C$12.50

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price objective raised by National Bankshares from C$12.00 to C$12.50 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other analysts have also recently weighed in on IMG. Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus lifted their price objective 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 assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$8.43.

IAMGOLD Stock Up 1.5 %

TSE IMG opened at C$7.46 on Wednesday. The business’s fifty day simple moving average is C$7.60 and its 200-day simple moving average is C$6.58. 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 firm has a market cap of C$4.25 billion, a PE ratio of 23.31, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 52 week low of C$3.00 and a 52 week high of C$8.80.

Insider Buying and Selling

In other IAMGOLD news, Director Renaud Adams bought 36,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. 0.10% of the stock is owned by 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.