IAMGOLD (NYSE:IAG) Trading Down 4.4%

Shares of IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG traded down 4.4% during trading on Monday . The stock traded as low as $3.44 and last traded at $3.50. 5,588,067 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 8,905,802 shares. The stock had previously closed at $3.66.

Analyst Ratings Changes

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

IAMGOLD Trading Down 4.5 %

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The business's 50-day moving average price is $3.09 and its two-hundred day moving average price is $2.66.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its earnings results on Thursday, February 15th. The mining company reported $0.06 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 firm had revenue of $297.60 million during the quarter. Equities analysts expect that IAMGOLD Co. will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. purchased a new position in shares of IAMGOLD in the 4th quarter worth about $26,000. Dynamic Technology Lab Private Ltd acquired a new stake in IAMGOLD during the 4th quarter worth approximately $29,000. Vanguard Personalized Indexing Management LLC acquired a new stake in IAMGOLD during the 4th quarter worth approximately $33,000. Koshinski Asset Management Inc. purchased a new position in IAMGOLD in the fourth quarter valued at approximately $34,000. Finally, Stratos Wealth Partners LTD. acquired a new position in IAMGOLD during the third quarter valued at approximately $32,000. 47.08% of the stock is owned by hedge funds and other institutional investors.

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.