IAMGOLD (TSE:IMG) Price Target Raised to C$32.00
by Tristan Rich · The Markets DailyIAMGOLD (TSE:IMG – Free Report) (NYSE:IAG) had its price objective lifted by National Bank Financial from C$31.00 to C$32.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.
Separately, BMO Capital Markets raised their target price on IAMGOLD from C$27.00 to C$32.00 in a research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and a consensus price target of C$31.07.
View Our Latest Analysis on IMG
IAMGOLD Stock Performance
TSE:IMG opened at C$25.21 on Monday. The firm has a market capitalization of C$14.39 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of -0.28 and a beta of 2.15. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27. IAMGOLD has a 12-month low of C$10.89 and a 12-month high of C$34.09. The firm has a 50-day moving average price of C$22.24 and a 200 day moving average price of C$24.98.
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Thursday, August 6th. The mining company reported C$0.60 earnings per share for the quarter. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%.The company had revenue of C$1.22 billion for the quarter. Research analysts anticipate that IAMGOLD will post 1.1121076 earnings per share for the current fiscal year.
Insider Transactions at IAMGOLD
In other news, insider Ankit Shah purchased 4,666 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of C$21.43 per share, with a total value of C$99,992.38. Following the acquisition, the insider directly owned 14,323 shares of the company’s stock, valued at approximately C$306,941.89. This trade represents a 48.32% increase in their position. Also, Director Renaud Adams purchased 13,700 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of C$21.89 per share, with a total value of C$299,893.00. Following the completion of the acquisition, the director directly owned 646,867 shares in the company, valued at C$14,159,918.63. The trade was a 2.16% increase in their ownership of the stock. Company insiders own 0.10% of the company’s stock.
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.