IAMGOLD Co. (TSE:IMG) Given Consensus Recommendation of “Buy” by Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been assigned an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$10.67.

Several equities research analysts have weighed in on IMG shares. National Bank Financial upgraded shares of IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Stifel Nicolaus lifted their target price on IAMGOLD from C$9.50 to C$11.00 in a report on Monday, April 21st. National Bankshares increased their price target on IAMGOLD from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, BMO Capital Markets upgraded IAMGOLD to a “strong-buy” rating in a research report on Wednesday, April 16th.

IAMGOLD Stock Performance

Shares of TSE:IMG opened at C$9.75 on Monday. The firm’s 50 day simple moving average is C$8.92 and its 200 day simple moving average is C$8.23. IAMGOLD has a fifty-two week low of C$4.86 and a fifty-two week high of C$11.63. The company has a market capitalization of C$3.96 billion, a price-to-earnings ratio of 5.06, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19.

Insider Buying and Selling

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 15,000 shares of IAMGOLD stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total value of C$127,786.50. Also, Director Renaud Adams acquired 35,000 shares of IAMGOLD stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of C$8.08 per share, with a total value of C$282,660.00. Over the last three months, insiders bought 45,800 shares of company stock worth $370,999. 0.10% of the stock is 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.