Shares of IAMGOLD Corp (NYSE:IAG) (TSE:IMG) have earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.94.
Several research analysts have weighed in on IAG shares. Zacks Investment Research lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Royal Bank of Canada set a $7.00 target price on shares of IAMGOLD and gave the stock a “hold” rating in a research report on Friday, November 10th. TheStreet lowered shares of IAMGOLD from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. CIBC set a $7.50 price target on shares of IAMGOLD and gave the company an “outperform” rating in a research report on Wednesday, January 17th. Finally, BMO Capital Markets set a $7.00 price target on shares of IAMGOLD and gave the company a “buy” rating in a research report on Tuesday, December 19th.
Shares of IAMGOLD (NYSE IAG) traded up $0.07 on Wednesday, reaching $5.86. 5,065,698 shares of the company’s stock traded hands, compared to its average volume of 5,071,163. The company has a quick ratio of 3.85, a current ratio of 4.78 and a debt-to-equity ratio of 0.14. IAMGOLD has a one year low of $3.36 and a one year high of $7.25. The firm has a market capitalization of $2,770.00, a price-to-earnings ratio of 5.47, a P/E/G ratio of 23.33 and a beta of -0.31.
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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