Canaccord Genuity Reiterates “Average” Rating for Iamgold (IMG)

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Iamgold (TSE:IMG) (NYSE:IAG)‘s stock had its “average” rating reissued by Canaccord Genuity in a research report issued to clients and investors on Tuesday. They currently have a C$9.00 price target on the mining company’s stock. Canaccord Genuity’s target price suggests a potential upside of 77.87% from the stock’s current price.

Other research analysts also recently issued research reports about the company. CSFB reissued a “neutral” rating on shares of Iamgold in a research note on Wednesday, September 26th. Credit Suisse Group reissued a “hold” rating on shares of Iamgold in a research note on Wednesday, December 12th. National Bank Financial cut their price target on Iamgold from C$9.25 to C$8.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. Desjardins cut their price target on Iamgold from C$6.50 to C$6.00 in a research note on Friday, November 16th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Iamgold in a research note on Monday, December 17th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$8.25.

TSE:IMG opened at C$5.06 on Tuesday. Iamgold has a 52-week low of C$3.64 and a 52-week high of C$8.20. The company has a debt-to-equity ratio of 13.81, a quick ratio of 3.27 and a current ratio of 4.31.

Iamgold (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data on Tuesday, November 6th. The mining company reported C($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.01). The firm had revenue of C$319.93 million for the quarter. Equities research analysts expect that Iamgold will post 0.1 earnings per share for the current fiscal year.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Analyst Recommendations for Iamgold (TSE:IMG)

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