IAMGOLD (NYSE:IAG) Stock Price Up 4.5%

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG rose 4.5% during mid-day trading on Wednesday . The company traded as high as $3.73 and last traded at $3.70. Approximately 12,634,409 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 8,930,380 shares. The stock had previously closed at $3.54.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IAG. National Bank Financial reaffirmed a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. StockNews.com raised IAMGOLD from a "sell" rating to a "hold" rating in a report on Wednesday, April 10th. CIBC upped their target price on IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets raised their price target on IAMGOLD from $4.00 to $4.25 and gave the stock an "outperform" rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, IAMGOLD presently has a consensus rating of "Hold" and a consensus price target of $3.52.

IAMGOLD Price Performance

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 $1.82 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.23 and a beta of 1.70. The business has a fifty day moving average price of $3.05 and a 200 day moving average price of $2.64.

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 firm had revenue of $297.60 million during the quarter. As a group, research analysts anticipate that IAMGOLD Co. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vident Advisory LLC bought a new stake in shares of IAMGOLD in the fourth quarter worth $25,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of IAMGOLD during the fourth quarter worth about $26,000. Hsbc Holdings PLC acquired a new position in shares of IAMGOLD in the third quarter worth approximately $28,000. Dynamic Technology Lab Private Ltd bought a new stake in IAMGOLD in the fourth quarter valued at approximately $29,000. Finally, Citigroup Inc. acquired a new stake in IAMGOLD during the 1st quarter valued at approximately $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.