Shares of IAMGOLD Co. (NYSE:IAG – Get Free Report) (TSE:IMG) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2.89.
A number of research analysts have issued reports on the company. StockNews.com assumed coverage on IAMGOLD in a research note on Thursday, May 18th. They issued a “hold” rating for the company. BMO Capital Markets initiated coverage on IAMGOLD in a report on Monday, May 1st. They issued an “outperform” rating and a $3.25 price target on the stock.
Institutional Trading of IAMGOLD
Several institutional investors and hedge funds have recently bought and sold shares of IAG. HBK Sorce Advisory LLC bought a new stake in IAMGOLD in the fourth quarter valued at approximately $28,000. Citigroup Inc. bought a new stake in IAMGOLD in the first quarter valued at approximately $31,000. Jupiter Asset Management Ltd. bought a new stake in IAMGOLD in the fourth quarter valued at approximately $37,000. ExodusPoint Capital Management LP bought a new stake in IAMGOLD in the second quarter valued at approximately $39,000. Finally, First Trust Advisors LP acquired a new position in shares of IAMGOLD in the first quarter valued at approximately $40,000. Institutional investors own 48.95% of the company’s stock.
IAMGOLD Stock Down 2.5 %
Shares of IAMGOLD stock opened at $2.31 on Monday. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.30. IAMGOLD has a 12 month low of $0.92 and a 12 month high of $3.34. The business has a fifty day simple moving average of $2.71 and a 200 day simple moving average of $2.71. The stock has a market cap of $1.11 billion, a PE ratio of 77.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43.
IAMGOLD (NYSE:IAG – Get Free Report) (TSE:IMG) last announced its quarterly earnings data on Friday, August 11th. The mining company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. IAMGOLD had a negative return on equity of 0.05% and a net margin of 1.99%. The business had revenue of $238.80 million during the quarter. During the same period last year, the firm earned ($0.01) earnings per share. Research analysts predict that IAMGOLD will post 0.04 EPS for the current year.
IAMGOLD Company Profile
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.