IAMGOLD (TSE:IMG) Hits New 52-Week High at $4.59

Shares of IAMGOLD Co. (TSE:IMG) (NYSE:IAG) hit a new 52-week high during trading on Thursday . The company traded as high as C$4.59 and last traded at C$4.55, with a volume of 921304 shares traded. The stock had previously closed at C$4.33.

Analyst Upgrades and Downgrades

IMG has been the topic of several analyst reports. National Bankshares boosted their price target on shares of IAMGOLD from C$4.00 to C$4.50 and gave the stock a “sector perform” rating in a research report on Tuesday, December 19th. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Wednesday, January 3rd. BMO Capital Markets reduced their price target on IAMGOLD from C$3.50 to C$3.25 and set an “outperform” rating for the company in a report on Tuesday, December 19th. Bank of America increased their price target on IAMGOLD from C$4.10 to C$4.40 in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reduced their price objective on shares of IAMGOLD from C$3.50 to C$3.00 and set a “hold” rating for the company in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, IAMGOLD has a consensus rating of “Hold” and an average target price of C$4.06.

IAMGOLD Stock Up 4.4 %

The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 42.05. The stock has a market cap of C$2.24 billion, a P/E ratio of 18.83, a PEG ratio of -0.28 and a beta of 1.44. The firm has a 50-day simple moving average of C$3.65 and a two-hundred day simple moving average of C$3.38.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The business had revenue of C$405.19 million for the quarter. Equities research analysts expect that IAMGOLD Co. will post 0.1332263 earnings per share for the current fiscal year.

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.