Shares of IAMGOLD Co. (TSE:IMG – Get Free Report) (NYSE:IAG) have received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$5.03.
IMG has been the subject of several analyst reports. Canaccord Genuity Group raised their target price on IAMGOLD from C$3.75 to C$5.50 in a research note on Tuesday, April 23rd. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. Bank of America lifted their price target on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. National Bankshares lifted their price target on IAMGOLD from C$6.50 to C$6.75 and gave the company a “sector perform” rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus boosted their target price on IAMGOLD from C$3.00 to C$5.25 in a research report on Friday, April 19th.
IAMGOLD Price Performance
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last announced its quarterly earnings results on Thursday, May 9th. The mining company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.12. IAMGOLD had a return on equity of 6.57% and a net margin of 12.48%. The business had revenue of C$456.89 million during the quarter. Sell-side analysts forecast that IAMGOLD will post 0.3658863 EPS for the current fiscal 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.
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