Iamgold (IMG) Price Target Cut to C$10.00 by Analysts at TD Securities

Iamgold (TSE:IMG) (NYSE:IAG) had its target price reduced by equities research analysts at TD Securities from C$10.50 to C$10.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the mining company’s stock. TD Securities’ price objective would indicate a potential upside of 142.13% from the company’s current price.

IMG has been the subject of several other research reports. CSFB reiterated a “neutral” rating on shares of Iamgold in a report on Wednesday, September 26th. National Bank Financial reduced their price target on shares of Iamgold from C$10.00 to C$9.75 in a report on Saturday, July 14th. Finally, Canaccord Genuity reduced their price target on shares of Iamgold from C$10.50 to C$9.25 in a report on Thursday, October 18th.

Shares of TSE IMG opened at C$4.13 on Thursday. The company has a quick ratio of 3.68, a current ratio of 4.72 and a debt-to-equity ratio of 13.71. Iamgold has a 52-week low of C$4.07 and a 52-week high of C$8.20.

Iamgold (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Wednesday, August 8th. The mining company reported C$0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.03. The company had revenue of C$358.02 million during the quarter. On average, analysts forecast that Iamgold will post 0.109999998964706 EPS for the current year.

In other Iamgold news, Director Sybil Elsa Veenman bought 5,000 shares of Iamgold stock in a transaction that occurred on Monday, August 13th. The stock was acquired at an average price of C$6.40 per share, for a total transaction of C$32,000.00. Also, Director Ronald Peter Gagel bought 10,000 shares of Iamgold stock in a transaction that occurred on Thursday, September 27th. The shares were acquired at an average price of C$4.90 per share, with a total value of C$49,000.00.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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