IAMGOLD (TSE:IMG) Hits New 1-Year High at $4.59

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. The stock had previously closed at C$4.33.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. National Bankshares boosted their price target on IAMGOLD from C$4.00 to C$4.50 and gave the company a “sector perform” rating in a report on Tuesday, December 19th. Bank of America raised their target price on shares of IAMGOLD from C$4.10 to C$4.40 in a research report on Tuesday, January 2nd. Stifel Nicolaus decreased their price target on shares of IAMGOLD from C$3.50 to C$3.00 and set a “hold” rating on the stock in a report on Friday, January 26th. BMO Capital Markets dropped their price objective 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. Finally, National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, IAMGOLD has a consensus rating of “Hold” and a consensus target price of C$4.06.

IAMGOLD Price Performance

The company has a market cap of C$2.24 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of -0.28 and a beta of 1.44. The business’s 50 day moving average price is C$3.65 and its 200-day moving average price is C$3.38. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The company had revenue of C$405.19 million during the quarter. As a group, analysts forecast that IAMGOLD Co. will post 0.1332263 earnings per share for the current year.

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.