Iamgold Corp (TSE:IMG) Given Consensus Rating of “Buy” by Brokerages

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Shares of Iamgold Corp (TSE:IMG) (NYSE:IAG) have been given an average recommendation of “Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$5.99.

Several research firms recently commented on IMG. Canaccord Genuity cut Iamgold from a “buy” rating to a “hold” rating and cut their price target for the company from C$7.00 to C$3.75 in a report on Tuesday, May 7th. TD Securities increased their price target on WestJet Airlines from C$19.00 to C$20.00 and gave the company a “hold” rating in a report on Wednesday, May 8th. Finally, National Bank Financial cut Detour Gold to a “hold” rating in a report on Friday, June 28th.

Shares of TSE:IMG traded up C$0.03 during midday trading on Friday, hitting C$4.62. The company had a trading volume of 688,463 shares, compared to its average volume of 1,903,880. Iamgold has a twelve month low of C$3.08 and a twelve month high of C$7.92. The company has a current ratio of 4.18, a quick ratio of 3.04 and a debt-to-equity ratio of 14.22. The stock has a market capitalization of $2.16 billion and a PE ratio of -19.13. The firm’s 50-day moving average is C$3.93.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Analyst Recommendations for Iamgold (TSE:IMG)

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