Shares of IAMGOLD Corp (NYSE:IAG) (TSE:IMG) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $4.88.
A number of equities analysts have weighed in on the company. BMO Capital Markets set a $5.00 price target on IAMGOLD Corp and gave the stock a “hold” rating in a report on Saturday, February 4th. TheStreet upgraded IAMGOLD Corp from a “d+” rating to a “c” rating in a report on Monday, April 10th. Scotiabank lowered IAMGOLD Corp from a “sector perform” rating to an “underperform” rating in a research report on Wednesday, January 11th. Royal Bank of Canada reissued a “hold” rating and set a $5.00 price target on shares of IAMGOLD Corp in a research report on Wednesday, January 4th. Finally, Credit Suisse Group AG lowered IAMGOLD Corp from a “neutral” rating to an “underperform” rating in a research report on Friday, January 13th.
IAMGOLD Corp (NYSE:IAG) traded down 0.23% during trading on Friday, hitting $4.34. 6,048,939 shares of the company were exchanged. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 36.17 and a beta of -0.01. IAMGOLD Corp has a 12 month low of $2.86 and a 12 month high of $5.87. The stock’s 50-day moving average is $3.98 and its 200-day moving average is $4.03.
IAMGOLD Corp (NYSE:IAG) last issued its earnings results on Wednesday, February 22nd. The mining company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. IAMGOLD Corp had a negative return on equity of 2.05% and a negative net margin of 63.53%. The business earned $252.50 million during the quarter, compared to analysts’ expectations of $248.31 million. During the same quarter in the previous year, the business earned ($0.16) EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts anticipate that IAMGOLD Corp will post ($0.01) earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in IAMGOLD Corp by 371.7% in the third quarter. Creative Planning now owns 89,338 shares of the mining company’s stock valued at $362,000 after buying an additional 70,400 shares during the last quarter. CIBC Asset Management Inc boosted its position in IAMGOLD Corp by 2.2% in the third quarter. CIBC Asset Management Inc now owns 184,694 shares of the mining company’s stock valued at $746,000 after buying an additional 3,973 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in IAMGOLD Corp by 3.7% in the third quarter. Great West Life Assurance Co. Can now owns 79,873 shares of the mining company’s stock valued at $322,000 after buying an additional 2,885 shares during the last quarter. World Asset Management Inc boosted its position in IAMGOLD Corp by 14.2% in the third quarter. World Asset Management Inc now owns 28,512 shares of the mining company’s stock valued at $115,000 after buying an additional 3,551 shares during the last quarter. Finally, Sprott Inc. acquired a new position in IAMGOLD Corp during the third quarter valued at about $4,180,000. 54.65% of the stock is owned by institutional investors.
About IAMGOLD Corp
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.
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