National Bank Financial Reaffirms Sector Perform Spec Overwgt Rating for IAMGOLD (NYSE:IAG)

National Bank Financial reissued their sector perform spec overwgt rating on shares of IAMGOLD (NYSE:IAG - Free Report) TSE: IMG in a research report released on Monday morning.

Several other research firms also recently issued reports on IAG. CIBC upped 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. BMO Capital Markets upped their price objective on IAMGOLD from $4.00 to $4.25 and gave the stock an outperform rating in a report on Friday, April 5th. Finally, StockNews.com raised IAMGOLD from a sell rating to a hold rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $3.52.

IAMGOLD Price Performance

Shares of IAG traded down $0.15 on Monday, hitting $3.61. The company's stock had a trading volume of 24,671,171 shares, compared to its average volume of 8,712,200. The company has a market capitalization of $1.79 billion, a PE ratio of 18.95, a PEG ratio of 1.63 and a beta of 1.70. 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 has a fifty-two week low of $1.99 and a fifty-two week high of $3.92. The company has a 50 day moving average price of $2.96 and a 200 day moving average price of $2.59.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced 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. The business had revenue of $297.60 million for the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. On average, research analysts anticipate that IAMGOLD will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of IAMGOLD

Several institutional investors and hedge funds have recently made changes to their positions in IAG. Helikon Investments Ltd bought a new stake in shares of IAMGOLD during the 4th quarter valued at $23,722,000. Two Sigma Investments LP raised its position in shares of IAMGOLD by 492.0% during the 1st quarter. Two Sigma Investments LP now owns 7,284,801 shares of the mining company's stock valued at $19,742,000 after acquiring an additional 6,054,262 shares during the last quarter. Norges Bank bought a new stake in shares of IAMGOLD in the 4th quarter valued at $12,557,000. Donald Smith & CO. Inc. increased its position in shares of IAMGOLD by 13.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company's stock valued at $90,519,000 after buying an additional 4,358,444 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of IAMGOLD in the 4th quarter valued at $10,972,000. Institutional investors own 47.08% of the company's stock.

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.