IAMGOLD (TSE:IMG) PT Raised to C$6.50 at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target hoisted by National Bankshares from C$6.25 to C$6.50 in a research report released on Friday morning, BayStreet.CA reports.

IMG has been the topic of several other research reports. Bank of America increased their target price on IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Stifel Nicolaus upped their target price on shares of IAMGOLD from C$3.00 to C$5.25 in a research report on Friday. Finally, National Bank Financial reaffirmed a sector perform spec overwgt rating on shares of IAMGOLD in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of C$4.92.

IAMGOLD Price Performance

Shares of IMG stock opened at C$4.79 on Friday. The stock’s fifty day simple moving average is C$4.23 and its 200 day simple moving average is C$3.62. IAMGOLD has a one year low of C$2.71 and a one year high of C$5.38. The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of -0.28 and a beta of 1.44. 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 posted its earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, topping the consensus estimate 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%. On average, analysts expect that IAMGOLD will post 0.0746963 earnings per share 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.