June 12, 2024

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IGM Economic Inc. (IGM.TO) (TSE:IGM) Stock Passes Higher than 200 Working day Going Average of $32.77

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IGM Economic Inc. (IGM.TO) (TSE:IGM) handed over its two hundred day shifting common all through investing on Friday . The stock has a two hundred working day relocating regular of $32.77 and traded as significant as $35.30. IGM Financial Inc. (IGM.TO) shares last traded at $35.06, with a volume of 427,583 shares trading palms.

A range of investigate companies lately issued studies on IGM. Canaccord Genuity elevated shares of IGM Financial Inc. (IGM.TO) from a “hold” score to a “buy” rating and greater their target cost for the inventory from C$34.00 to C$36.50 in a exploration report on Monday, November 9th. TD Securities greater their rate goal on shares of IGM Economical Inc. (IGM.TO) from C$33.00 to C$34.00 and gave the inventory a “hold” score in a investigation report on Monday, November 9th. Last but not least, Scotiabank raised their concentrate on cost on shares of IGM Money Inc. (IGM.TO) from C$36.00 to C$37.00 in a exploration observe on Thursday, Oct 15th.

The enterprise has a market capitalization of C$8.36 billion and a value-to-earnings ratio of 11.50. The company has a existing ratio of 3.23, a quick ratio of .70 and a debt-to-fairness ratio of 44.94. The stock has a 50-day straightforward relocating normal of C$33.60 and a 200-working day uncomplicated going ordinary of C$32.77.

IGM Financial Inc. (IGM.TO) (TSE:IGM) previous issued its quarterly earnings final results on Thursday, November 5th. The economic solutions company claimed C$.90 earnings for each share (EPS) for the quarter, topping analysts’ consensus estimates of C$.83 by C$.07. The firm had revenue of C$790.62 million through the quarter. On regular, exploration analysts forecast that IGM Fiscal Inc. will write-up 3.5279889 EPS for the existing 12 months.

The organization also lately declared a quarterly dividend, which will be compensated on Friday, January 29th. Stockholders of record on Thursday, December 31st will be supplied a dividend of $.563 per share. The ex-dividend date is Wednesday, December 30th. This represents a $2.25 annualized dividend and a dividend generate of 6.42%. IGM Financial Inc. (IGM.TO)’s payout ratio is 73.77%.

About IGM Economic Inc. (IGM.TO) (TSE:IGM)

IGM Economical Inc operates as a wealth and asset management organization in Canada. It operates as a result of IG Prosperity Administration, Mackenzie Investments, and Corporate and Other segments. The corporation also presents economical planning services, which includes investment, tax, retirement, instruction, chance administration, and estate organizing strategic financial commitment setting up instruments mutual resources iProfile, a portfolio administration program and independently managed accounts and cost-primarily based brokerage accounts.

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