National Bank Financial Raises IAMGOLD (IMG) Price Target to C$11.00

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target increased by equities researchers at National Bank Financial from C$10.25 to C$11.00 in a research note issued to investors on Friday, January 26th. National Bank Financial’s price target indicates a potential upside of 57.37% from the company’s previous close.

A number of other research firms have also recently weighed in on IMG. Canaccord Genuity cut shares of IAMGOLD from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$10.00 to C$9.50 in a report on Friday, September 29th. Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$8.59.

Shares of IAMGOLD (TSE IMG) opened at C$6.99 on Friday. IAMGOLD has a 1-year low of C$4.54 and a 1-year high of C$8.87. The firm has a market cap of $3,260.00, a P/E ratio of 5.07 and a beta of -0.78.

In related news, Director Stephen Joseph James Letwin sold 133,825 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$7.85, for a total value of C$1,050,526.25. Also, insider Jeffery Alexander Snow sold 15,524 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$7.85, for a total transaction of C$121,863.40.

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IAMGOLD Company Profile

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

Analyst Recommendations for IAMGOLD (TSE:IMG)

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