IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG shares saw an uptick in trading volume on Friday . 3,224,355 shares changed hands during trading, a decline of 62% from the previous session's volume of 8,377,573 shares.The stock last traded at $3.84 and had previously closed at $3.76.
Analysts Set New Price Targets
Several research firms recently weighed in on IAG. 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. CIBC increased their price objective on shares of IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a research note on Wednesday, February 7th. National Bank Financial reiterated a "sector perform spec overwgt" rating on shares of IAMGOLD in a research note on Monday. Finally, StockNews.com upgraded shares of IAMGOLD from a "sell" rating to a "hold" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD presently has an average rating of "Hold" and a consensus price target of $3.52.
View Our Latest Analysis on IAG
IAMGOLD Stock Down 4.1 %
The firm's 50 day simple moving average is $2.96 and its 200 day simple moving average is $2.59. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.63 and a beta of 1.70. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly 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. The company had revenue of $297.60 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. Sell-side analysts anticipate that IAMGOLD Co. will post 0.06 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. bought a new position in shares of IAMGOLD in the first quarter valued at approximately $31,000. Vident Advisory LLC bought a new position in shares of IAMGOLD in the fourth quarter valued at approximately $25,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of IAMGOLD in the fourth quarter valued at approximately $26,000. Dynamic Technology Lab Private Ltd bought a new position in shares of IAMGOLD in the fourth quarter valued at approximately $29,000. Finally, First Trust Advisors LP bought a new position in shares of IAMGOLD in the first quarter valued at approximately $40,000. 47.08% of the stock is currently owned by institutional investors.
About IAMGOLD
(
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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.
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