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

Shares of IAMGOLD Co. (NYSE:IAGGet Free Report) (TSE:IMG) have earned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4.01.

IAG has been the topic of a number of research analyst reports. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Wednesday, January 3rd. CIBC increased their price objective on IAMGOLD from $3.00 to $3.10 and gave the stock a “neutral” rating in a research report on Wednesday. Raymond James decreased their price target on IAMGOLD from $3.25 to $3.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 31st. Finally, BMO Capital Markets decreased their price objective on shares of IAMGOLD from $3.25 to $3.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th.

Check Out Our Latest Analysis on IAMGOLD

IAMGOLD Price Performance

Shares of IAG stock opened at $2.45 on Monday. IAMGOLD has a 52-week low of $1.99 and a 52-week high of $3.34. The stock has a market cap of $1.18 billion, a PE ratio of 9.42, a PEG ratio of 0.60 and a beta of 1.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.60. The firm’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $2.40.

IAMGOLD (NYSE:IAGGet Free Report) (TSE:IMG) last issued its earnings results on Friday, November 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $224.50 million for the quarter. IAMGOLD had a net margin of 14.24% and a return on equity of 0.38%. During the same period in the previous year, the company posted ($0.03) earnings per share. As a group, analysts forecast that IAMGOLD will post 0.05 EPS for the current year.

Hedge Funds Weigh In On IAMGOLD

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP grew its stake in shares of IAMGOLD by 492.0% in the first quarter. Two Sigma Investments LP now owns 7,284,801 shares of the mining company’s stock worth $19,742,000 after acquiring an additional 6,054,262 shares during the last quarter. Norges Bank purchased a new stake in shares of IAMGOLD during the fourth quarter valued at approximately $12,557,000. Donald Smith & CO. Inc. grew its holdings in shares of IAMGOLD by 13.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company’s stock valued at $90,519,000 after buying an additional 4,358,444 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in IAMGOLD during the 4th quarter valued at $10,972,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of IAMGOLD by 269.0% during the 1st quarter. Two Sigma Advisers LP now owns 5,687,600 shares of the mining company’s stock valued at $15,413,000 after acquiring an additional 4,146,200 shares during the last quarter. Institutional investors own 49.40% of the company’s stock.

IAMGOLD Company Profile

(Get Free Report

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America and West Africa. The company owns 100% interest in the Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and 90% interests in the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa.

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Analyst Recommendations for IAMGOLD (NYSE:IAG)

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