IAMGOLD Co. (NYSE:IAG) Given Average Rating of “Hold” by Analysts

Shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) have been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.55.

A number of research firms have recently issued reports on IAG. Scotiabank upped their target price on shares of IAMGOLD from $3.25 to $3.75 and gave the stock a “sector perform” rating in a report on Thursday. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. CIBC upped their target price on shares of IAMGOLD from $3.00 to $3.10 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. StockNews.com lowered shares of IAMGOLD from a “hold” rating to a “sell” rating in a report on Thursday. Finally, BMO Capital Markets upped their price objective on shares of IAMGOLD from $4.00 to $4.25 and gave the company an “outperform” rating in a report on Friday, April 5th.

IAMGOLD Stock Performance

NYSE:IAG opened at $3.66 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 1.19. The company has a fifty day moving average of $3.09 and a two-hundred day moving average of $2.65. The stock has a market capitalization of $1.82 billion, a PE ratio of 19.26, a P/E/G ratio of 1.26 and a beta of 1.70. IAMGOLD has a fifty-two week low of $1.99 and a fifty-two week high of $3.92.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. The company had revenue of $297.60 million during the quarter. As a group, research analysts forecast that IAMGOLD will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Helikon Investments Ltd boosted its stake in IAMGOLD by 250.5% during the first quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company’s stock worth $109,429,000 after buying an additional 23,485,183 shares during the period. Vanguard Group Inc. boosted its stake in IAMGOLD by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,510,541 shares of the mining company’s stock worth $44,302,000 after buying an additional 135,524 shares during the period. Virtu Financial LLC purchased a new position in IAMGOLD during the fourth quarter worth about $76,000. D L Carlson Investment Group Inc. purchased a new position in IAMGOLD during the fourth quarter worth about $34,000. Finally, Barclays PLC boosted its stake in IAMGOLD by 307.9% during the fourth quarter. Barclays PLC now owns 1,196,710 shares of the mining company’s stock worth $3,028,000 after buying an additional 903,347 shares during the period. Hedge funds and other institutional investors own 47.08% of the company’s stock.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.