IAMGOLD (TSE:IMG) Upgraded to Hold at Raymond James Financial

IAMGOLD (TSE:IMG) (NYSE:IAG) was upgraded by stock analysts at Raymond James Financial to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets upgraded shares of IAMGOLD to a “strong-buy” rating in a research note on Wednesday, April 16th. National Bank Financial raised shares of IAMGOLD to a “strong-buy” rating in a report on Friday, March 21st. Stifel Nicolaus boosted their target price on shares of IAMGOLD from C$9.50 to C$11.00 in a report on Monday, April 21st. Finally, National Bankshares increased their target price on IAMGOLD from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$11.00.

IAMGOLD Stock Up 3.3%

IMG opened at C$10.03 on Monday. IAMGOLD has a twelve month low of C$4.90 and a twelve month high of C$11.63. The company’s 50-day moving average price is C$9.72 and its two-hundred day moving average price is C$8.96. The stock has a market cap of C$4.08 billion, a price-to-earnings ratio of 5.20, a PEG ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93.

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.