IAMGOLD (TSE:IMG) Given a C$34.00 Price Target at TD

IAMGOLD (TSE:IMG) (NYSE:IAG) received a C$34.00 target price from analysts at TD in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the mining company’s stock. TD’s target price would indicate a potential upside of 35.30% from the company’s previous close.

Several other research firms have also recently weighed in on IMG. Jefferies Financial Group raised shares of IAMGOLD to a “strong-buy” rating in a research report on Thursday, August 20th. National Bank Financial raised their target price on shares of IAMGOLD from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$35.83.

IAMGOLD Price Performance

Shares of IMG traded up C$0.03 during trading hours on Tuesday, hitting C$25.13. 531,615 shares of the company were exchanged, compared to its average volume of 1,902,525. The company has a market cap of C$14.35 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of -0.28 and a beta of 2.20. IAMGOLD has a fifty-two week low of C$15.30 and a fifty-two week high of C$34.09. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27. The firm’s fifty day moving average is C$27.27 and its 200 day moving average is C$24.76.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings results on Thursday, August 6th. The mining company reported C$0.60 EPS for the quarter. The company had revenue of C$1.22 billion for the quarter. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%. On average, equities analysts anticipate that IAMGOLD will post 1.11 earnings per share for the current fiscal year.

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.