IAMGOLD Co. (NYSE:IAG) Given Consensus Recommendation of “Hold” by Analysts

Shares of IAMGOLD Co. (NYSE:IAG – Get Rating) (TSE:IMG) have been given an average recommendation of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $2.61.

Several analysts recently weighed in on the company. TD Securities lifted their price target on IAMGOLD from C$3.25 to C$4.00 in a report on Wednesday, December 21st. Raymond James lifted their price target on IAMGOLD from $2.00 to $2.25 and gave the stock an “underperform” rating in a report on Tuesday, January 31st. Stifel Nicolaus raised IAMGOLD from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. CIBC raised IAMGOLD from a “sector underperform” rating to a “neutral” rating and set a $2.10 price objective for the company in a report on Tuesday, December 20th. Finally, BMO Capital Markets lifted their price objective on IAMGOLD from $1.75 to $2.00 and gave the company a “market perform” rating in a report on Tuesday, December 20th.

IAMGOLD Stock Performance

IAG opened at $2.36 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -15.73 and a beta of 1.42. The business has a 50 day moving average of $2.53 and a 200-day moving average of $1.95. The company has a quick ratio of 2.04, a current ratio of 2.35 and a debt-to-equity ratio of 0.41. IAMGOLD has a 12-month low of $0.92 and a 12-month high of $3.77.

Hedge Funds Weigh In On IAMGOLD

Several hedge funds and other institutional investors have recently modified their holdings of IAG. HBK Sorce Advisory LLC bought a new position in shares of IAMGOLD in the 4th quarter valued at $28,000. Citigroup Inc. bought a new stake in IAMGOLD during the 1st quarter worth $31,000. Jupiter Asset Management Ltd. bought a new stake in IAMGOLD during the 4th quarter worth $37,000. First Trust Advisors LP bought a new stake in IAMGOLD during the 1st quarter worth $40,000. Finally, Private Advisor Group LLC bought a new stake in IAMGOLD during the 1st quarter worth $41,000. Institutional investors own 48.57% of the company’s stock.

About IAMGOLD

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IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. It owns and operates the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario. The firm also operates the Rosebel mine in Suriname, the Essakane mine in Burkina Faso, the Saramacca project, an exploration project located in Suriname, the Boto project, an exploration project located in Senegal.