IAMGOLD Co. (NYSE:IAG) Short Interest Down 16.0% in April

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,580,000 shares, a decline of 16.0% from the March 31st total of 7,830,000 shares. Based on an average trading volume of 13,860,000 shares, the short-interest ratio is currently 0.5 days. Currently, 1.2% of the company's shares are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BMO Capital Markets initiated coverage on IAMGOLD in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. StockNews.com downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Raymond James reiterated a "market perform" rating and issued a $8.00 price target on shares of IAMGOLD in a report on Friday, April 4th. Scotiabank raised their price objective on shares of IAMGOLD from $6.75 to $7.50 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, IAMGOLD currently has an average rating of "Moderate Buy" and a consensus target price of $7.57.

Hedge Funds Weigh In On IAMGOLD

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tobam bought a new position in shares of IAMGOLD in the 4th quarter valued at about $25,000. Blue Trust Inc. grew its holdings in IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after purchasing an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC acquired a new position in IAMGOLD during the fourth quarter worth approximately $56,000. Atria Wealth Solutions Inc. acquired a new position in IAMGOLD during the fourth quarter worth approximately $68,000. Finally, Alpha Omega Wealth Management LLC bought a new stake in IAMGOLD in the first quarter valued at approximately $75,000. 47.08% of the stock is owned by institutional investors.

IAMGOLD Stock Up 3.1 %

IAMGOLD stock traded up $0.21 during mid-day trading on Monday, reaching $6.93. The company's stock had a trading volume of 15,351,247 shares, compared to its average volume of 10,260,726. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD has a 12 month low of $3.44 and a 12 month high of $8.38. The business's 50 day simple moving average is $6.41 and its 200 day simple moving average is $5.92. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 4.78 and a beta of 1.52.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%. The company had revenue of $469.90 million during the quarter, compared to the consensus estimate of $498.68 million. As a group, research analysts anticipate that IAMGOLD will post 0.67 earnings per share 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.