IAMGOLD Co. (TSE:IMG) Given Consensus Rating of “Hold” by Brokerages

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$5.09.

Several equities research analysts recently issued reports on the company. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. National Bankshares increased their price objective on IAMGOLD from C$6.50 to C$6.75 and gave the stock a “sector perform” rating in a research note on Monday, May 13th. Canaccord Genuity Group raised their price target on IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday. Bank of America raised their price target on IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Finally, Stifel Nicolaus raised their price target on IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th.

IAMGOLD Trading Down 1.8 %

TSE:IMG opened at C$5.42 on Friday. The company has a quick ratio of 1.19, a current ratio of 0.91 and a debt-to-equity ratio of 40.77. IAMGOLD has a 1-year low of C$2.71 and a 1-year high of C$6.24. The firm has a market capitalization of C$2.69 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of -0.28 and a beta of 1.51. The stock has a fifty day simple moving average of C$5.38 and a 200 day simple moving average of C$4.60.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Thursday, May 9th. The mining company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.12. The firm had revenue of C$456.89 million during the quarter. IAMGOLD had a return on equity of 6.57% and a net margin of 12.48%. Sell-side analysts forecast that IAMGOLD will post 0.3658863 earnings per share for the current year.

About IAMGOLD

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.