IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) had its price objective lifted by research analysts at Stifel Nicolaus from C$3.00 to C$5.25 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ target price would indicate a potential upside of 3.75% from the company’s current price.
Other equities research analysts also recently issued reports about the company. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. Bank of America increased their price objective on IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, IAMGOLD currently has an average rating of “Hold” and an average target price of C$4.92.
View Our Latest Analysis on IAMGOLD
IAMGOLD Stock Up 0.8 %
IAMGOLD (TSE:IMG – Get Free Report) (NYSE:IAG) last released its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The business had revenue of C$405.19 million for the quarter. As a group, sell-side analysts forecast that IAMGOLD will post 0.0746963 EPS 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.
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