Canaccord Genuity Cuts Iamgold (TSE:IMG) Price Target to C$5.25

Iamgold (TSE:IMG) (NYSE:IAG) had its price target reduced by Canaccord Genuity from C$5.50 to C$5.25 in a research report report published on Wednesday, BayStreet.CA reports.

Separately, National Bank Financial dropped their price target on Iamgold from C$8.00 to C$7.25 and set an outperform rating on the stock in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of C$6.24.

IMG traded down C$0.25 on Wednesday, hitting C$4.15. The company had a trading volume of 1,412,547 shares, compared to its average volume of 1,123,110. The stock has a fifty day moving average price of C$4.62 and a 200-day moving average price of C$4.70. Iamgold has a 12-month low of C$3.08 and a 12-month high of C$5.55. The company has a debt-to-equity ratio of 16.33, a quick ratio of 2.94 and a current ratio of 4.07. The stock has a market capitalization of $2.11 billion and a price-to-earnings ratio of -20.75.

Iamgold (TSE:IMG) (NYSE:IAG) last posted its earnings results on Wednesday, November 6th. The mining company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.02 by C($0.03). The business had revenue of C$362.27 million during the quarter. Analysts forecast that Iamgold will post 0.25 EPS 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. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Analyst Recommendations for Iamgold (TSE:IMG)

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