IAMGOLD (TSE:IMG) Price Target Lowered to C$12.00 at National Bankshares

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target cut by National Bankshares from C$12.50 to C$12.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

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

IAMGOLD Price Performance

IMG stock opened at C$8.27 on Thursday. The business’s fifty day moving average price is C$7.59 and its 200 day moving average price is C$6.83. IAMGOLD has a 12-month low of C$3.00 and a 12-month high of C$8.80. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The company has a market capitalization of C$4.72 billion, a PE ratio of 25.84, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Activity at IAMGOLD

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Director Renaud Adams bought 36,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of C$6.95 per share, with a total value of C$250,102.80. 0.10% of the stock is currently owned by corporate insiders.

About IAMGOLD

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.