IAMGOLD (NYSE:IAG) Upgraded at StockNews.com

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

IAG has been the subject of several other research reports. Scotiabank boosted their price objective on shares of IAMGOLD from $3.25 to $3.75 and gave the stock a "sector perform" rating in a research report on Thursday, April 18th. BMO Capital Markets increased their price objective on shares of IAMGOLD from $4.00 to $4.25 and gave the stock an "outperform" rating in a research note on Friday, April 5th. National Bank Financial reaffirmed a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. Finally, CIBC upped their target price on shares of IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $3.55.

IAMGOLD Price Performance

NYSE IAG traded up $0.08 during trading on Friday, reaching $3.79. 4,563,930 shares of the company traded hands, compared to its average volume of 9,018,738. IAMGOLD has a 1-year low of $1.99 and a 1-year high of $3.92. The stock's 50 day moving average price is $3.19 and its two-hundred day moving average price is $2.70. 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 $1.88 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 0.93 and a beta of 1.70.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its earnings results on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $297.60 million during the quarter. As a group, analysts anticipate that IAMGOLD will post 0.1 EPS for the current year.

Hedge Funds Weigh In On IAMGOLD

Several large investors have recently modified their holdings of IAG. Raymond James Financial Services Advisors Inc. bought a new stake in IAMGOLD in the fourth quarter valued at $26,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of IAMGOLD during the fourth quarter valued at about $29,000. Stratos Wealth Partners LTD. acquired a new position in shares of IAMGOLD during the third quarter valued at about $32,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of IAMGOLD during the fourth quarter valued at about $33,000. Finally, Koshinski Asset Management Inc. bought a new stake in IAMGOLD in the 4th quarter worth about $34,000. 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.