IAMGOLD (TSE:IMG) Price Target Increased to C$5.50 by Analysts at Canaccord Genuity Group

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target increased by Canaccord Genuity Group from C$3.75 to C$5.50 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. National Bankshares lifted their price objective on shares of IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Stifel Nicolaus upped their target price on shares of IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. National Bank Financial reiterated a sector perform spec overwgt rating on shares of IAMGOLD in a research report on Monday, April 8th. Finally, Bank of America upped their price objective on shares of IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$4.99.

IAMGOLD Price Performance

Shares of IMG stock opened at C$5.18 on Tuesday. The firm’s 50-day moving average is C$4.37 and its two-hundred day moving average is C$3.67. The company has a market capitalization of C$2.57 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. IAMGOLD has a 12 month low of C$2.71 and a 12 month high of C$5.38. The company has a debt-to-equity ratio of 42.05, a current ratio of 1.20 and a quick ratio of 1.19.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.06. The business had revenue of C$405.19 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. Analysts predict that IAMGOLD will post 0.0746963 earnings per share for the current year.

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.