IAMGOLD Co. (NYSE:IAG) Given Consensus Rating of “Reduce” by Analysts

IAMGOLD Co. (NYSE:IAGGet Rating) (TSE:IMG) has received an average rating of “Reduce” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $2.86.

Several equities analysts have recently issued reports on IAG shares. BMO Capital Markets lowered their price target on IAMGOLD from $2.75 to $2.00 and set a “market perform” rating on the stock in a research report on Thursday, August 4th. National Bank Financial decreased their target price on IAMGOLD from C$3.25 to C$2.25 in a report on Thursday, July 21st. Finally, StockNews.com cut IAMGOLD from a “hold” rating to a “sell” rating in a report on Monday, August 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in shares of IAMGOLD by 3.7% during the second quarter. Legal & General Group Plc now owns 309,954 shares of the mining company’s stock valued at $497,000 after buying an additional 11,012 shares in the last quarter. Sei Investments Co. grew its holdings in shares of IAMGOLD by 193.8% during the second quarter. Sei Investments Co. now owns 1,570,909 shares of the mining company’s stock valued at $2,529,000 after buying an additional 1,036,245 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of IAMGOLD by 0.3% during the second quarter. Donald Smith & CO. Inc. now owns 40,099,242 shares of the mining company’s stock valued at $64,560,000 after buying an additional 138,370 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of IAMGOLD by 7.3% during the second quarter. Renaissance Technologies LLC now owns 18,687,300 shares of the mining company’s stock valued at $30,087,000 after buying an additional 1,268,700 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of IAMGOLD during the second quarter valued at $78,000. Hedge funds and other institutional investors own 50.93% of the company’s stock.

IAMGOLD Stock Down 2.6 %

Shares of IAG stock opened at $1.13 on Friday. IAMGOLD has a 1 year low of $1.12 and a 1 year high of $3.77. The stock has a market cap of $541.27 million, a PE ratio of -2.09, a price-to-earnings-growth ratio of 37.67 and a beta of 1.32. The business’s fifty day moving average is $1.34 and its 200-day moving average is $2.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.13 and a current ratio of 1.77.

IAMGOLD Company Profile

(Get Rating)

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.

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Analyst Recommendations for IAMGOLD (NYSE:IAG)

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