IAMGOLD (NYSE:IAG) Given New $4.25 Price Target at BMO Capital Markets

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG had its target price hoisted by equities researchers at BMO Capital Markets from $4.00 to $4.25 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the mining company's stock. BMO Capital Markets' target price would suggest a potential upside of 14.56% from the stock's previous close.

IAG has been the subject of a number of other research reports. CIBC upped their target price on shares of IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a research report on Wednesday, February 7th. StockNews.com lowered IAMGOLD from a "hold" rating to a "sell" rating in a research report on Monday, February 19th. Finally, National Bank Financial reiterated a "sector perform spec overwgt" rating on shares of IAMGOLD in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, IAMGOLD presently has an average rating of "Hold" and a consensus price target of $3.52.

IAMGOLD Price Performance

NYSE:IAG traded up $0.11 on Friday, reaching $3.71. 16,010,410 shares of the company's stock traded hands, compared to its average volume of 8,242,402. The firm has a market cap of $1.84 billion, a PE ratio of 19.53, a P/E/G ratio of 2.23 and a beta of 1.70. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $2.86 and a 200-day simple moving average of $2.56. IAMGOLD has a 12 month low of $1.99 and a 12 month high of $3.80.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. The company had revenue of $297.60 million for the quarter. Equities research analysts forecast that IAMGOLD will post 0.04 earnings per share for the current year.

Institutional Trading of IAMGOLD

Several hedge funds have recently made changes to their positions in the business. Vident Advisory LLC purchased a new stake in IAMGOLD during the 4th quarter valued at $25,000. Raymond James Financial Services Advisors Inc. bought a new position in IAMGOLD during the fourth quarter valued at $26,000. Hsbc Holdings PLC purchased a new stake in shares of IAMGOLD in the third quarter valued at $28,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of IAMGOLD in the 4th quarter worth about $29,000. Finally, Citigroup Inc. purchased a new position in shares of IAMGOLD during the 1st quarter worth about $31,000. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

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.