IAMGOLD Co. (TSE:IMG) Receives Consensus Recommendation of “Buy” from Brokerages

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) has received an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$9.05.

Several equities research analysts recently issued reports on the stock. National Bankshares raised their target price on shares of IAMGOLD from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday. National Bank Financial upgraded IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. Finally, Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd.

IAMGOLD Stock Performance

Shares of IMG stock opened at C$9.26 on Thursday. The stock has a market cap of C$3.76 billion, a PE ratio of 4.81, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93. IAMGOLD has a 12 month low of C$4.72 and a 12 month high of C$9.68. The company’s fifty day moving average price is C$8.65 and its 200-day moving average price is C$7.92.

Insider Transactions at IAMGOLD

In other news, Director Renaud Adams bought 35,000 shares of IAMGOLD stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of C$8.08 per share, with a total value of C$282,660.00. Also, Director Lawrence Peter O’hagan purchased 4,800 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of C$8.11 per share, for a total transaction of C$38,918.88. Insiders purchased 45,800 shares of company stock worth $370,999 in the last three months. Corporate insiders own 0.10% of the company’s stock.

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.