IAMGOLD (NYSE:IAG) Stock Price Down 3%

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG fell 3% during mid-day trading on Monday . The stock traded as low as $3.60 and last traded at $3.61. 1,940,893 shares traded hands during trading, a decline of 76% from the average session volume of 8,128,467 shares. The stock had previously closed at $3.72.

Wall Street Analyst Weigh In

Several research analysts have commented on IAG shares. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Wednesday, January 3rd. StockNews.com downgraded IAMGOLD from a "hold" rating to a "sell" rating in a report on Monday, February 19th. CIBC upped their price objective on IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets lifted their target price on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $3.52.

IAMGOLD Stock Down 3.1 %

The business has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $2.57. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.27 and a beta of 1.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77.

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

Hedge Funds Weigh In On IAMGOLD

Several hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of IAMGOLD by 2.9% during the fourth quarter. Van ECK Associates Corp now owns 48,117,785 shares of the mining company's stock valued at $121,736,000 after acquiring an additional 1,368,491 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of IAMGOLD by 13.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company's stock valued at $90,519,000 after purchasing an additional 4,358,444 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of IAMGOLD by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,510,541 shares of the mining company's stock valued at $44,302,000 after acquiring an additional 135,524 shares during the period. Renaissance Technologies LLC lifted its position in IAMGOLD by 0.7% in the first quarter. Renaissance Technologies LLC now owns 17,085,400 shares of the mining company's stock worth $46,308,000 after purchasing an additional 124,300 shares during the period. Finally, Helikon Investments Ltd acquired a new stake in IAMGOLD in the fourth quarter worth approximately $23,722,000. 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.