IAMGOLD (TSE:IMG – Get Rating) (NYSE:IAG) had its price objective hoisted by analysts at Bank of America from C$3.65 to C$4.35 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Bank of America‘s price target would indicate a potential upside of 10.69% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the company. Cormark decreased their price objective on IAMGOLD from C$5.75 to C$4.50 in a research report on Tuesday, February 21st. TD Securities upped their price objective on IAMGOLD from C$3.25 to C$4.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. National Bankshares decreased their price objective on IAMGOLD from C$4.10 to C$4.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 14th. Canaccord Genuity Group cut their target price on IAMGOLD from C$3.30 to C$3.15 in a research note on Thursday, December 22nd. Finally, Stifel Nicolaus raised IAMGOLD from a “sell” rating to a “hold” rating and upped their target price for the company from C$2.50 to C$3.25 in a research note on Wednesday, December 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$3.28.
IAMGOLD Price Performance
TSE:IMG opened at C$3.93 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.19 and a debt-to-equity ratio of 44.97. The company has a market capitalization of C$1.88 billion, a P/E ratio of -23.12, a P/E/G ratio of -0.28 and a beta of 1.37. IAMGOLD has a 12 month low of C$1.27 and a 12 month high of C$4.74. The business’s 50-day moving average is C$3.41 and its 200 day moving average is C$2.84.
About IAMGOLD
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.
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