A number of other research analysts also recently issued reports on IAG. Zacks Investment Research upgraded shares of Iamgold Corporation from a hold rating to a buy rating and set a $5.75 price target on the stock in a research report on Monday, July 17th. Credit Suisse Group set a $6.00 price objective on shares of Iamgold Corporation and gave the company a hold rating in a research report on Tuesday, July 18th. Royal Bank Of Canada cut their price objective on shares of Iamgold Corporation from $6.50 to $6.00 and set a sector perform rating on the stock in a research report on Friday, July 28th. ValuEngine upgraded shares of Iamgold Corporation from a sell rating to a hold rating in a research report on Thursday, August 17th. Finally, TheStreet upgraded shares of Iamgold Corporation from a c- rating to a b rating in a research report on Thursday, August 17th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Iamgold Corporation presently has a consensus rating of Hold and a consensus target price of $7.10.
Iamgold Corporation (NYSE IAG) traded down $0.02 during trading on Tuesday, hitting $5.75. 8,816,504 shares of the stock were exchanged, compared to its average volume of 7,124,294. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.78. Iamgold Corporation has a one year low of $3.16 and a one year high of $7.25. The company has a market cap of $2,680.00, a P/E ratio of 57.80, a P/E/G ratio of 22.67 and a beta of -0.53.
Iamgold Corporation (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Tuesday, November 7th. The mining company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Iamgold Corporation had a net margin of 48.66% and a return on equity of 1.81%. The company had revenue of $268.80 million for the quarter, compared to the consensus estimate of $268.62 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. equities analysts expect that Iamgold Corporation will post 0.09 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in IAG. Tocqueville Asset Management L.P. increased its stake in Iamgold Corporation by 183.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 6,850,300 shares of the mining company’s stock valued at $35,348,000 after buying an additional 4,437,200 shares during the period. Royal Bank of Canada increased its stake in Iamgold Corporation by 496.5% during the 2nd quarter. Royal Bank of Canada now owns 4,484,298 shares of the mining company’s stock valued at $23,138,000 after buying an additional 3,732,543 shares during the period. Heartland Advisors Inc. increased its stake in Iamgold Corporation by 372.1% during the 3rd quarter. Heartland Advisors Inc. now owns 3,634,511 shares of the mining company’s stock valued at $22,222,000 after buying an additional 2,864,661 shares during the period. JPMorgan Chase & Co. increased its stake in Iamgold Corporation by 560.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,688,430 shares of the mining company’s stock valued at $13,873,000 after buying an additional 2,281,226 shares during the period. Finally, Morgan Stanley increased its stake in Iamgold Corporation by 204.3% during the 1st quarter. Morgan Stanley now owns 2,237,001 shares of the mining company’s stock valued at $8,949,000 after buying an additional 1,501,873 shares during the period. 54.13% of the stock is currently owned by hedge funds and other institutional investors.
Iamgold Corporation 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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