IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG shares saw an uptick in trading volume on Friday after BMO Capital Markets raised their price target on the stock from $4.00 to $4.25. BMO Capital Markets currently has an outperform rating on the stock. 8,918,754 shares were traded during mid-day trading, an increase of 10% from the previous session's volume of 8,129,214 shares.The stock last traded at $3.76 and had previously closed at $3.60.
Several other research firms have also commented on IAG. CIBC boosted their price objective on IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a research note on Wednesday, February 7th. National Bank Financial reissued a "sector perform spec overwgt" rating on shares of IAMGOLD in a research note on Wednesday, January 3rd. Finally, StockNews.com downgraded IAMGOLD from a "hold" rating to a "sell" rating in a research report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $3.52.
Get Our Latest Analysis on IAG
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in IAG. Citigroup Inc. acquired a new stake in IAMGOLD in the 1st quarter valued at about $31,000. Vident Advisory LLC purchased a new stake in IAMGOLD in the 4th quarter worth about $25,000. Raymond James Financial Services Advisors Inc. acquired a new stake in IAMGOLD during the 4th quarter worth about $26,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of IAMGOLD in the 4th quarter valued at about $29,000. Finally, First Trust Advisors LP purchased a new stake in shares of IAMGOLD in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 47.08% of the company's stock.
IAMGOLD Stock Performance
The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.23 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. The firm's fifty day moving average is $2.86 and its 200 day moving average is $2.56.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data 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 return on equity of 1.97% and a net margin of 9.55%. The firm had revenue of $297.60 million during the quarter. On average, analysts predict that IAMGOLD Co. will post 0.04 EPS for the current fiscal year.
IAMGOLD Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider IAMGOLD, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IAMGOLD wasn't on the list.
While IAMGOLD currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
