IAMGOLD (TSE:IMG) Upgraded to Strong-Buy at BMO Capital Markets

IAMGOLD (TSE:IMG) (NYSE:IAG) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on the company. National Bank Financial upgraded IAMGOLD to a “strong-buy” rating in a research note on Friday, March 21st. National Bankshares increased their target price on shares of IAMGOLD from C$13.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd. Finally, Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$10.00.

IAMGOLD Stock Up 8.1 %

Shares of TSE IMG opened at C$11.23 on Wednesday. The stock has a market capitalization of C$4.56 billion, a PE ratio of 5.83, a P/E/G 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. The firm has a fifty day moving average of C$8.74 and a 200-day moving average of C$8.08. IAMGOLD has a 52-week low of C$4.72 and a 52-week high of C$11.63.

Insiders Place Their Bets

In related news, Senior Officer Bruno Lemelin sold 15,000 shares of IAMGOLD stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$8.52, for a total transaction of C$127,786.50. Also, Director Renaud Adams acquired 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of C$8.08 per share, with a total value of C$282,660.00. Insiders purchased a total of 45,800 shares of company stock worth $370,999 in the last 90 days. 0.10% of the stock is owned by company insiders.

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.