IAMGOLD Corp (NYSE:IAG) (TSE:IMG) was upgraded by research analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Monday.
IAG has been the subject of several other research reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $5.00 price objective on shares of IAMGOLD Corp in a research note on Wednesday, January 4th. Scotiabank cut shares of IAMGOLD Corp from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, January 11th. Credit Suisse Group AG cut shares of IAMGOLD Corp from a “neutral” rating to an “underperform” rating in a research note on Friday, January 13th. Zacks Investment Research raised shares of IAMGOLD Corp from a “hold” rating to a “strong-buy” rating and set a $5.25 price objective for the company in a research note on Tuesday, January 24th. Finally, BMO Capital Markets set a $5.00 price objective on shares of IAMGOLD Corp and gave the company a “hold” rating in a research note on Saturday, February 4th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.20.
Shares of IAMGOLD Corp (NYSE:IAG) traded down 1.868% during trading on Monday, reaching $4.465. 6,712,094 shares of the company traded hands. The stock has a market capitalization of $2.03 billion, a PE ratio of 37.208 and a beta of -0.01. IAMGOLD Corp has a 12-month low of $2.35 and a 12-month high of $5.87. The firm’s 50-day moving average is $3.95 and its 200-day moving average is $4.02.
IAMGOLD Corp (NYSE:IAG) last posted its quarterly earnings results on Wednesday, February 22nd. The mining company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. IAMGOLD Corp had a negative net margin of 63.53% and a negative return on equity of 2.05%. The company had revenue of $252.50 million for the quarter, compared to analyst estimates of $248.31 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that IAMGOLD Corp will post ($0.01) earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. Comerica Bank boosted its position in IAMGOLD Corp by 29.2% in the fourth quarter. Comerica Bank now owns 25,335 shares of the mining company’s stock worth $112,000 after buying an additional 5,733 shares in the last quarter. Bayesian Capital Management LP bought a new position in IAMGOLD Corp during the fourth quarter worth approximately $155,000. AQR Capital Management LLC boosted its position in IAMGOLD Corp by 280.7% in the fourth quarter. AQR Capital Management LLC now owns 45,137 shares of the mining company’s stock worth $175,000 after buying an additional 33,282 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in IAMGOLD Corp by 6.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,610 shares of the mining company’s stock worth $200,000 after buying an additional 3,186 shares in the last quarter. Finally, Guardian Capital Advisors LP boosted its position in IAMGOLD Corp by 48.1% in the fourth quarter. Guardian Capital Advisors LP now owns 34,475 shares of the mining company’s stock worth $214,000 after buying an additional 11,200 shares in the last quarter. 54.65% of the stock is owned by institutional investors.
IAMGOLD Corp 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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