IAMGOLD (TSE:IMG) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price increased by Canaccord Genuity Group from C$15.50 to C$19.50 in a report released on Thursday morning,BayStreet.CA reports.

Several other brokerages have also recently issued reports on IMG. National Bankshares raised their price objective on IAMGOLD from C$15.50 to C$21.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. Bank of America raised their target price on IAMGOLD from C$13.00 to C$15.50 in a report on Friday, August 29th. Cormark raised their target price on IAMGOLD from C$16.50 to C$20.00 in a report on Tuesday, September 16th. Raymond James Financial raised IAMGOLD to a “hold” rating in a report on Monday, June 30th. Finally, Royal Bank Of Canada raised IAMGOLD from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$17.40.

IAMGOLD Trading Up 2.0%

Shares of TSE:IMG opened at C$18.57 on Thursday. IAMGOLD has a 52-week low of C$6.07 and a 52-week high of C$18.58. The stock has a market cap of C$10.68 billion, a price-to-earnings ratio of 12.99, a PEG ratio of -0.28 and a beta of 1.11. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. The business has a 50-day moving average price of C$13.11 and a 200-day moving average price of C$10.82.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada.