National Bankshares Issues Positive Forecast for IAMGOLD (TSE:IMG) Stock Price

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target hoisted by equities researchers at National Bankshares from C$12.00 to C$13.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective would suggest a potential upside of 43.31% from the stock’s previous close.

Several other research firms have also recently commented on IMG. Stifel Nicolaus raised their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$8.68.

IAMGOLD Stock Up 3.3 %

TSE:IMG opened at C$9.42 on Tuesday. The business’s fifty day moving average price is C$8.10 and its 200 day moving average price is C$7.34. The firm has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 29.44, a PEG ratio of -0.28 and a beta of 1.47. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. IAMGOLD has a 1-year low of C$3.15 and a 1-year high of C$9.68.

Insiders Place Their Bets

In related news, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Company insiders own 0.10% of the company’s stock.

IAMGOLD Company Profile

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.