Iamgold Corporation (NYSE:IAG) (TSE:IMG) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.22.
Several equities analysts recently issued reports on the company. Scotiabank restated a “hold” rating on shares of Iamgold Corporation in a research note on Tuesday. Royal Bank Of Canada set a $7.00 price target on Iamgold Corporation and gave the company a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research lowered Iamgold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets restated a “buy” rating and set a $8.00 price target on shares of Iamgold Corporation in a research note on Wednesday, November 8th. Finally, TheStreet upgraded Iamgold Corporation from a “c-” rating to a “b” rating in a research note on Thursday, August 17th.
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Several institutional investors and hedge funds have recently made changes to their positions in IAG. Tocqueville Asset Management L.P. boosted its holdings in shares of Iamgold Corporation by 183.9% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 6,850,300 shares of the mining company’s stock worth $35,348,000 after acquiring an additional 4,437,200 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Iamgold Corporation by 496.5% in the 2nd quarter. Royal Bank of Canada now owns 4,484,298 shares of the mining company’s stock worth $23,138,000 after acquiring an additional 3,732,543 shares in the last quarter. Heartland Advisors Inc. boosted its holdings in shares of Iamgold Corporation by 372.1% in the 3rd quarter. Heartland Advisors Inc. now owns 3,634,511 shares of the mining company’s stock worth $22,222,000 after acquiring an additional 2,864,661 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Iamgold Corporation by 560.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,688,430 shares of the mining company’s stock worth $13,873,000 after acquiring an additional 2,281,226 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Iamgold Corporation by 204.3% in the 1st quarter. Morgan Stanley now owns 2,237,001 shares of the mining company’s stock worth $8,949,000 after acquiring an additional 1,501,873 shares in the last quarter. 54.13% of the stock is currently owned by institutional investors and hedge funds.
Iamgold Corporation (NYSE:IAG) traded down $0.06 during trading on Monday, hitting $5.77. The stock had a trading volume of 5,576,094 shares, compared to its average volume of 7,116,671. The company has a quick ratio of 3.85, a current ratio of 4.78 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2,680.00, a price-to-earnings ratio of 57.80, a PEG ratio of 22.67 and a beta of -0.53. Iamgold Corporation has a twelve month low of $3.16 and a twelve month high of $7.25.
Iamgold Corporation (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Tuesday, November 7th. The mining company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Iamgold Corporation had a return on equity of 1.81% and a net margin of 48.66%. The business had revenue of $268.80 million for the quarter, compared to analyst estimates of $268.62 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. analysts predict that Iamgold Corporation will post 0.09 earnings per share for the current year.
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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