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

Shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) have earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $4.01.

Several research firms have recently commented on IAG. Scotiabank upped their target price on IAMGOLD from $4.25 to $4.50 and gave the company a “sector perform” rating in a report on Thursday, June 6th. StockNews.com lowered IAMGOLD from a “hold” rating to a “sell” rating in a report on Monday. BMO Capital Markets reaffirmed an “outperform” rating and set a $5.00 target price on shares of IAMGOLD in a report on Thursday, June 6th. CIBC lowered their target price on IAMGOLD from $5.00 to $4.80 and set a “neutral” rating for the company in a report on Friday, June 7th. Finally, National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th.

Institutional Investors Weigh In On IAMGOLD

A number of institutional investors and hedge funds have recently modified their holdings of IAG. Cetera Advisors LLC purchased a new stake in shares of IAMGOLD in the first quarter valued at $50,000. Virtu Financial LLC lifted its holdings in shares of IAMGOLD by 1,034.3% in the first quarter. Virtu Financial LLC now owns 339,792 shares of the mining company’s stock valued at $1,132,000 after purchasing an additional 309,836 shares in the last quarter. Linscomb Wealth Inc. purchased a new stake in shares of IAMGOLD in the first quarter valued at $67,000. Donald Smith & CO. Inc. lifted its holdings in shares of IAMGOLD by 0.8% in the first quarter. Donald Smith & CO. Inc. now owns 36,077,268 shares of the mining company’s stock valued at $120,137,000 after purchasing an additional 298,959 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of IAMGOLD by 1.0% in the first quarter. Vanguard Group Inc. now owns 17,678,843 shares of the mining company’s stock worth $58,871,000 after acquiring an additional 168,302 shares during the last quarter. Institutional investors and hedge funds own 47.08% of the company’s stock.

IAMGOLD Stock Up 3.5 %

Shares of IAMGOLD stock opened at $3.81 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.17 billion, a P/E ratio of 13.61 and a beta of 1.56. IAMGOLD has a fifty-two week low of $1.99 and a fifty-two week high of $4.59. The business has a 50-day moving average price of $3.87 and a 200 day moving average price of $3.21.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Thursday, May 9th. The mining company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. The firm had revenue of $338.90 million during the quarter. IAMGOLD had a return on equity of 3.17% and a net margin of 12.48%. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, sell-side analysts forecast that IAMGOLD will post 0.28 earnings per share for the current fiscal year.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.