IAMGOLD (NYSE:IAG) Shares Up 7.4%

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG's share price rose 7.4% during trading on Tuesday . The stock traded as high as $3.75 and last traded at $3.75. Approximately 8,832,909 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 8,991,098 shares. The stock had previously closed at $3.49.

Analysts Set New Price Targets

IAG has been the topic of several recent research reports. BMO Capital Markets boosted their price objective on shares of IAMGOLD from $4.00 to $4.25 and gave the stock an "outperform" rating in a research report on Friday, April 5th. CIBC boosted their price objective 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 shares of IAMGOLD from a "hold" rating to a "sell" rating in a research report on Thursday, April 18th. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. Finally, Scotiabank upped their target price on shares of IAMGOLD from $3.25 to $3.75 and gave the company a "sector perform" rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, IAMGOLD presently has a consensus rating of "Hold" and an average price target of $3.55.

IAMGOLD Stock Performance

The company has a market capitalization of $1.84 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 1.46 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. The stock's fifty day simple moving average is $3.14 and its 200-day simple moving average is $2.68.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced 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 business 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%. As a group, equities analysts predict that IAMGOLD Co. will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of IAMGOLD by 2.9% during the 4th quarter. Van ECK Associates Corp now owns 48,117,785 shares of the mining company's stock worth $121,736,000 after acquiring an additional 1,368,491 shares during the period. Donald Smith & CO. Inc. increased its position in IAMGOLD by 13.9% during 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 in the last quarter. Helikon Investments Ltd increased its position in IAMGOLD by 250.5% during 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 in the last quarter. Vanguard Group Inc. increased its position in IAMGOLD by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 17,375,017 shares of the mining company's stock worth $37,356,000 after purchasing an additional 363,051 shares in the last quarter. Finally, P Schoenfeld Asset Management LP increased its position in IAMGOLD by 11.1% during the 4th quarter. P Schoenfeld Asset Management LP now owns 8,234,284 shares of the mining company's stock worth $20,833,000 after purchasing an additional 822,149 shares in the last quarter. 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.