IAMGOLD (TSE:IMG) Given New C$12.00 Price Target at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its target price cut by investment analysts at National Bankshares from C$12.50 to C$12.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective would suggest a potential upside of 44.40% from the company’s current price.

Several other analysts also recently commented on IMG. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, IAMGOLD currently has an average rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Stock Up 2.1 %

TSE:IMG traded up C$0.17 during trading hours on Thursday, reaching C$8.31. 569,525 shares of the company traded hands, compared to its average volume of 1,263,344. IAMGOLD has a 1 year low of C$3.00 and a 1 year high of C$8.80. The stock has a market capitalization of C$4.74 billion, a P/E ratio of 25.97, a P/E/G ratio of -0.28 and a beta of 1.47. The business’s 50-day moving average price is C$7.59 and its two-hundred day moving average price is C$6.80. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Insider Activity

In other IAMGOLD news, Director Renaud Adams bought 36,000 shares of IAMGOLD stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Corporate 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.