National Bankshares Issues Positive Forecast for IAMGOLD (TSE:IMG) Stock Price

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price boosted by stock analysts at National Bankshares from C$28.00 to C$34.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective points to a potential upside of 18.84% from the stock’s current price.

IMG has been the topic of several other reports. TD Securities raised their target price on IAMGOLD from C$24.00 to C$34.00 in a report on Thursday. Canaccord Genuity Group lifted their price target on shares of IAMGOLD from C$15.50 to C$19.50 in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and increased their target price for the stock from C$11.00 to C$28.00 in a research report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, IAMGOLD has an average rating of “Buy” and an average price target of C$25.17.

IAMGOLD Price Performance

TSE IMG traded up C$1.02 on Friday, reaching C$28.61. The company’s stock had a trading volume of 1,323,078 shares, compared to its average volume of 2,366,185. The stock has a market cap of C$16.97 billion, a PE ratio of 50.19, a PEG ratio of -0.28 and a beta of 1.49. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The firm’s 50 day moving average is C$22.42 and its two-hundred day moving average is C$16.99. IAMGOLD has a twelve month low of C$7.27 and a twelve month high of C$28.95.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, November 4th. The mining company reported C$0.30 earnings per share 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. As a group, sell-side analysts predict that IAMGOLD will post 1.1121076 EPS for the current 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.