IAMGOLD (NYSE:IAG) Shares Gap Up to $3.33

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG's share price gapped up before the market opened on Monday . The stock had previously closed at $3.33, but opened at $3.52. IAMGOLD shares last traded at $3.54, with a volume of 2,228,805 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a research note on Wednesday, January 3rd. CIBC upped their price objective on shares of IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a report on Wednesday, February 7th. Finally, StockNews.com lowered IAMGOLD from a "hold" rating to a "sell" rating in a report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.31.

IAMGOLD Stock Performance

The company has a fifty day moving average of $2.77 and a two-hundred day moving average of $2.53. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.03 and a beta of 1.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 1.19.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last issued its quarterly 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 business had revenue of $297.60 million during the quarter. As a group, equities research analysts predict that IAMGOLD Co. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On IAMGOLD

A number of institutional investors have recently added to or reduced their stakes in the stock. Vident Advisory LLC acquired a new position in shares of IAMGOLD in the fourth quarter valued at approximately $25,000. Raymond James Financial Services Advisors Inc. acquired a new stake in IAMGOLD during the 4th quarter worth about $26,000. Hsbc Holdings PLC bought a new position in shares of IAMGOLD in the 3rd quarter worth about $28,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of IAMGOLD in the 4th quarter valued at about $29,000. Finally, Citigroup Inc. bought a new stake in shares of IAMGOLD during the 1st quarter valued at about $31,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.