Iamgold Corporation (NYSE:IAG) (TSE:IMG) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Thursday.
A number of other equities research analysts have also issued reports on the company. Scotiabank reiterated a “hold” rating on shares of Iamgold Corporation in a research note on Tuesday. ValuEngine upgraded Iamgold Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Iamgold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. CIBC upgraded Iamgold Corporation from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $6.93 to $7.00 in a research note on Wednesday, September 6th. Finally, Royal Bank Of Canada cut their price target on Iamgold Corporation from $6.50 to $6.00 and set a “sector perform” rating for the company in a research note on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Iamgold Corporation presently has a consensus rating of “Hold” and an average price target of $7.10.
Iamgold Corporation (NYSE IAG) opened at $5.75 on Thursday. The firm has a market capitalization of $2,680.00, a price-to-earnings ratio of 57.80, a PEG ratio of 22.67 and a beta of -0.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.78. Iamgold Corporation has a twelve month low of $3.16 and a twelve month high of $7.25.
Iamgold Corporation (NYSE:IAG) (TSE:IMG) last announced its earnings results on Tuesday, November 7th. The mining company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. Iamgold Corporation had a return on equity of 1.81% and a net margin of 48.66%. The company had revenue of $268.80 million for the quarter, compared to analysts’ expectations of $268.62 million. During the same period last year, the firm earned $0.05 EPS. Iamgold Corporation’s revenue for the quarter was down 4.8% compared to the same quarter last year. sell-side analysts predict that Iamgold Corporation will post 0.09 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its stake in Iamgold Corporation by 1.6% in the third quarter. Van ECK Associates Corp now owns 56,732,518 shares of the mining company’s stock worth $346,069,000 after purchasing an additional 880,887 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Iamgold Corporation by 4.9% in the second quarter. Renaissance Technologies LLC now owns 18,851,800 shares of the mining company’s stock worth $97,275,000 after purchasing an additional 873,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in Iamgold Corporation by 9.7% in the second quarter. Vanguard Group Inc. now owns 9,492,363 shares of the mining company’s stock worth $48,980,000 after purchasing an additional 838,766 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in Iamgold Corporation by 21.1% in the third quarter. Tocqueville Asset Management L.P. now owns 8,294,577 shares of the mining company’s stock worth $50,597,000 after purchasing an additional 1,444,277 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Iamgold Corporation by 1.2% in the second quarter. Franklin Resources Inc. now owns 5,452,000 shares of the mining company’s stock worth $28,132,000 after purchasing an additional 65,000 shares during the last quarter. 54.13% of the stock is owned by hedge funds and other institutional investors.
Iamgold Corporation Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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