IAMGOLD Co. (NYSE:IAG) Given Consensus Rating of "Moderate Buy" by Brokerages

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG has received an average rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.74.

A number of research analysts have recently issued reports on the stock. CIBC lifted their price objective on shares of IAMGOLD from $8.40 to $9.20 and gave the company an "outperformer" rating in a report on Thursday, May 8th. Raymond James reissued a "market perform" rating and set a $8.00 price objective on shares of IAMGOLD in a report on Friday, April 4th. National Bank Financial raised IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Scotiabank raised their target price on IAMGOLD from $7.50 to $7.75 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, BMO Capital Markets began coverage on IAMGOLD in a report on Wednesday, April 16th. They set an "outperform" rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. raised its position in IAMGOLD by 0.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 31,233,874 shares of the mining company's stock worth $161,167,000 after acquiring an additional 216,751 shares during the period. RCF Management L.L.C. purchased a new stake in shares of IAMGOLD during the 4th quarter worth approximately $128,174,000. Vanguard Group Inc. increased its stake in shares of IAMGOLD by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 21,594,479 shares of the mining company's stock worth $134,764,000 after purchasing an additional 361,608 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of IAMGOLD by 19.0% in the 1st quarter. American Century Companies Inc. now owns 12,092,101 shares of the mining company's stock worth $75,489,000 after purchasing an additional 1,929,787 shares during the period. Finally, Millennium Management LLC lifted its stake in IAMGOLD by 88.4% in the fourth quarter. Millennium Management LLC now owns 10,330,194 shares of the mining company's stock valued at $53,307,000 after purchasing an additional 4,846,254 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company's stock.

IAMGOLD Stock Down 2.8%

IAG stock traded down $0.20 during trading on Friday, reaching $6.85. 10,671,363 shares of the stock were exchanged, compared to its average volume of 10,545,824. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD has a twelve month low of $3.44 and a twelve month high of $8.38. The firm's 50 day moving average is $6.71 and its 200 day moving average is $6.03. The firm has a market cap of $3.94 billion, a P/E ratio of 4.73 and a beta of 1.20.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results on Tuesday, May 6th. The mining company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $457.23 million for the quarter, compared to analysts' expectations of $578.70 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. As a group, research analysts forecast that IAMGOLD will post 0.67 EPS for the current 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.