Other equities analysts have also issued reports about the stock. BMO Capital Markets set a $5.00 target price on shares of IAMGOLD Corp and gave the stock a hold rating in a research note on Saturday, February 4th. National Bank Financial reaffirmed an outperform market weight rating on shares of IAMGOLD Corp in a research note on Sunday, May 14th. Scotiabank raised shares of IAMGOLD Corp from an underperform rating to a sector perform rating in a research note on Wednesday, May 10th. Credit Suisse Group AG raised shares of IAMGOLD Corp from an underperform rating to a neutral rating and upped their target price for the stock from $4.50 to $5.00 in a research note on Wednesday, May 10th. Finally, TheStreet raised shares of IAMGOLD Corp from a d+ rating to a c rating in a research report on Monday, April 10th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. IAMGOLD Corp has a consensus rating of Hold and a consensus price target of $5.20.
IAMGOLD Corp (NYSE:IAG) traded up 1.83% during midday trading on Tuesday, reaching $4.44. The company’s stock had a trading volume of 819,111 shares. IAMGOLD Corp has a 12 month low of $3.14 and a 12 month high of $5.87. The stock’s 50-day moving average price is $4.19 and its 200-day moving average price is $4.10. The firm’s market capitalization is $2.06 billion.
IAMGOLD Corp (NYSE:IAG) last announced its earnings results on Tuesday, May 9th. The mining company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $260.50 million during the quarter, compared to analyst estimates of $264.54 million. IAMGOLD Corp had a negative net margin of 63.53% and a negative return on equity of 2.05%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. Analysts predict that IAMGOLD Corp will post $0.03 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in IAG. Guardian Capital Advisors LP increased its position in shares of IAMGOLD Corp by 48.1% in the fourth quarter. Guardian Capital Advisors LP now owns 34,475 shares of the mining company’s stock worth $214,000 after buying an additional 11,200 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of IAMGOLD Corp by 11.7% in the fourth quarter. Renaissance Technologies LLC now owns 17,019,100 shares of the mining company’s stock worth $65,525,000 after buying an additional 1,778,700 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of IAMGOLD Corp during the fourth quarter worth approximately $155,000. Dynamic Technology Lab Private Ltd increased its position in shares of IAMGOLD Corp by 96.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 149,368 shares of the mining company’s stock worth $575,000 after buying an additional 73,461 shares in the last quarter. Finally, Aegis Financial Corp increased its position in shares of IAMGOLD Corp by 36.7% in the fourth quarter. Aegis Financial Corp now owns 365,770 shares of the mining company’s stock worth $1,408,000 after buying an additional 98,275 shares in the last quarter. Institutional investors and hedge funds own 54.65% of the company’s stock.
IAMGOLD Corp Company Profile
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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