IAMGOLD (TSE:IMG) Stock Price Expected to Rise, TD Securities Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price hoisted by equities researchers at TD Securities from C$24.00 to C$34.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 22.61% from the company’s previous close.

IMG has been the subject of several other reports. National Bankshares lifted their price objective on IAMGOLD from C$23.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Canaccord Genuity Group raised their price target on IAMGOLD from C$15.50 to C$19.50 in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus raised IAMGOLD from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$11.00 to C$28.00 in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$24.17.

IAMGOLD Price Performance

Shares of TSE IMG traded up C$1.10 during trading on Thursday, hitting C$27.73. 1,462,463 shares of the company were exchanged, compared to its average volume of 2,378,734. The firm’s fifty day moving average price is C$22.25 and its 200 day moving average price is C$16.92. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The company has a market cap of C$16.44 billion, a price-to-earnings ratio of 48.65, a PEG ratio of -0.28 and a beta of 1.49. IAMGOLD has a 1 year low of C$7.27 and a 1 year high of C$28.23.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Tuesday, November 4th. The mining company reported C$0.30 EPS for the quarter. IAMGOLD had a net margin of 49.57% and a return on equity of 27.91%. The firm had revenue of C$984.02 million for the quarter. On average, sell-side analysts expect that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.