IAMGOLD (NYSE:IAG) Shares Gap Up to $3.59

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG shares gapped up before the market opened on Monday . The stock had previously closed at $3.59, but opened at $3.71. IAMGOLD shares last traded at $3.73, with a volume of 1,142,362 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. National Bank Financial reaffirmed a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. CIBC raised their price objective on shares of IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a research note on Wednesday, February 7th. Scotiabank raised their price objective on shares of IAMGOLD from $3.25 to $3.75 and gave the company a "sector perform" rating in a research note on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a research note on Friday, April 5th. Finally, StockNews.com upgraded shares of IAMGOLD from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, IAMGOLD currently has a consensus rating of "Hold" and an average price target of $3.55.

IAMGOLD Stock Performance

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 market cap of $1.86 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 0.64 and a beta of 1.68. The company's 50-day simple moving average is $3.34 and its 200-day simple moving average is $2.77.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $297.60 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. Analysts predict that IAMGOLD Co. will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On IAMGOLD

Large investors have recently made changes to their positions in the business. Stratos Wealth Partners LTD. acquired a new stake in IAMGOLD during the third quarter valued at $32,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in IAMGOLD by 31.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,843 shares of the mining company's stock valued at $214,000 after purchasing an additional 23,836 shares during the last quarter. CIBC Asset Management Inc boosted its position in IAMGOLD by 0.9% during the third quarter. CIBC Asset Management Inc now owns 435,298 shares of the mining company's stock valued at $942,000 after purchasing an additional 4,000 shares during the last quarter. Barclays PLC boosted its position in IAMGOLD by 1.9% during the third quarter. Barclays PLC now owns 293,363 shares of the mining company's stock valued at $631,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in IAMGOLD during the third quarter valued at $539,000. Institutional investors and hedge funds own 47.08% of the company's stock.

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.