IAMGOLD (NYSE:IAG) Shares Gap Down to $3.80

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG's share price gapped down before the market opened on Tuesday . The stock had previously closed at $3.80, but opened at $3.64. IAMGOLD shares last traded at $3.68, with a volume of 1,349,267 shares traded.

Wall Street Analyst Weigh In

IAG has been the topic of a number of research reports. StockNews.com raised IAMGOLD from a "sell" rating to a "hold" rating in a research report on Friday. National Bank Financial reaffirmed a "sector perform spec overwgt" rating on shares of IAMGOLD in a research report on Monday, April 8th. CIBC upped their target price on IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a research report on Wednesday, February 7th. Scotiabank increased their price target on IAMGOLD from $3.25 to $3.75 and gave the company a "sector perform" rating in a research report on Thursday, April 18th. Finally, BMO Capital Markets increased their price target on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $3.55.

IAMGOLD Price Performance

The firm has a 50 day moving average price of $3.24 and a two-hundred day moving average price of $2.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 1.19. The company has a market cap of $1.77 billion, a P/E ratio of 19.16, a P/E/G ratio of 0.68 and a beta of 1.69.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its earnings results on Thursday, February 15th. The mining company reported $0.06 EPS for the quarter, topping 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 business had revenue of $297.60 million during the quarter. On average, analysts predict that IAMGOLD Co. will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On IAMGOLD

A number of large investors have recently modified their holdings of IAG. Helikon Investments Ltd increased its stake in IAMGOLD by 250.5% in the 1st quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company's stock worth $109,429,000 after purchasing an additional 23,485,183 shares during the period. Donald Smith & CO. Inc. increased its stake in IAMGOLD by 13.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company's stock worth $90,519,000 after purchasing an additional 4,358,444 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of IAMGOLD in the 4th quarter worth approximately $10,972,000. Van ECK Associates Corp grew its position in shares of IAMGOLD by 8.2% in the 1st quarter. Van ECK Associates Corp now owns 52,053,035 shares of the mining company's stock worth $173,340,000 after buying an additional 3,935,250 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of IAMGOLD in the 4th quarter worth approximately $8,642,000. 47.08% of the stock is owned by hedge funds and other institutional investors.

About IAMGOLD

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.