National Bank Financial Raises Iamgold (TSE:IMG) Price Target to C$8.25

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Iamgold (TSE:IMG) (NYSE:IAG) had its target price raised by National Bank Financial from C$7.50 to C$8.25 in a report published on Monday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the mining company’s stock.

A number of other research analysts also recently commented on the stock. Canaccord Genuity increased their price target on shares of Iamgold from C$6.00 to C$6.50 in a report on Tuesday, July 21st. TD Securities raised their price objective on shares of Iamgold from C$8.00 to C$9.00 and gave the stock a buy rating in a research note on Friday, August 7th. Cormark raised their price objective on shares of Iamgold from C$8.25 to C$10.50 in a research note on Wednesday, July 22nd. Finally, CSFB reissued a neutral rating on shares of Iamgold in a research note on Thursday, August 6th.

Shares of TSE:IMG opened at C$5.64 on Monday. The company has a current ratio of 4.08, a quick ratio of 2.83 and a debt-to-equity ratio of 20.76. Iamgold has a 12 month low of C$2.00 and a 12 month high of C$7.07. The company has a 50-day moving average price of C$6.11 and a 200 day moving average price of C$4.77. The company has a market cap of $3.25 billion and a price-to-earnings ratio of -6.51.

About Iamgold

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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