IAMGOLD Co. (NYSE:IAG) Receives Consensus Recommendation of “Hold” from Analysts

IAMGOLD Co. (NYSE:IAGGet Free Report) (TSE:IMG) has earned a consensus recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $4.73.

A number of analysts have recently commented on IAG shares. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday. CIBC upped their price objective on IAMGOLD from $4.90 to $5.40 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Scotiabank lifted their target price on shares of IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, StockNews.com raised shares of IAMGOLD from a “sell” rating to a “hold” rating in a report on Saturday, August 17th.

Read Our Latest Stock Report on IAMGOLD

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. ORG Partners LLC purchased a new stake in IAMGOLD in the 3rd quarter worth $29,000. TIAA Trust National Association acquired a new position in shares of IAMGOLD during the 2nd quarter worth about $38,000. WINTON GROUP Ltd purchased a new position in IAMGOLD in the 2nd quarter valued at about $52,000. Banque Cantonale Vaudoise acquired a new stake in IAMGOLD in the 2nd quarter worth about $56,000. Finally, Cetera Advisors LLC purchased a new stake in IAMGOLD during the 1st quarter worth approximately $50,000. 47.08% of the stock is owned by institutional investors and hedge funds.

IAMGOLD Stock Down 0.4 %

IAG stock opened at $4.83 on Friday. The company has a market capitalization of $2.75 billion, a P/E ratio of 17.25 and a beta of 1.59. IAMGOLD has a 12 month low of $2.11 and a 12 month high of $5.60. The firm’s fifty day simple moving average is $4.94 and its 200-day simple moving average is $4.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.34 and a quick ratio of 0.90.

IAMGOLD (NYSE:IAGGet Free Report) (TSE:IMG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. The company had revenue of $385.30 million for the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 6.70%. During the same period in the previous year, the company posted ($0.01) earnings per share. As a group, equities research analysts forecast that IAMGOLD will post 0.49 earnings per share for the current year.

IAMGOLD Company Profile

(Get Free Report

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.

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Analyst Recommendations for IAMGOLD (NYSE:IAG)

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