IAMGOLD Co. (NYSE:IAG) Given Average Recommendation of “Hold” by Analysts

Shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $4.01.

Several equities research analysts have recently weighed in on IAG shares. National Bank Financial reiterated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. StockNews.com lowered shares of IAMGOLD from a “hold” rating to a “sell” rating in a research note on Monday. BMO Capital Markets reissued an “outperform” rating and set a $5.00 target price on shares of IAMGOLD in a research note on Thursday, June 6th. CIBC cut their target price on shares of IAMGOLD from $5.00 to $4.80 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Finally, Scotiabank increased their target price on shares of IAMGOLD from $4.25 to $4.50 and gave the stock a “sector perform” rating in a research note on Thursday, June 6th.

IAMGOLD Trading Up 3.5 %

IAG opened at $3.81 on Thursday. IAMGOLD has a twelve month low of $1.99 and a twelve month high of $4.59. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $3.87 and a 200-day moving average of $3.21. The stock has a market cap of $2.17 billion, a PE ratio of 13.61 and a beta of 1.56.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, May 9th. The mining company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09. IAMGOLD had a net margin of 12.48% and a return on equity of 3.17%. The company had revenue of $338.90 million during the quarter. During the same quarter last year, the company earned $0.05 earnings per share. On average, sell-side analysts predict that IAMGOLD will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in shares of IAMGOLD by 8.2% in the first quarter. Van ECK Associates Corp now owns 52,053,035 shares of the mining company’s stock valued at $173,340,000 after buying an additional 3,935,250 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of IAMGOLD by 0.8% in the first quarter. Donald Smith & CO. Inc. now owns 36,077,268 shares of the mining company’s stock valued at $120,137,000 after purchasing an additional 298,959 shares during the last quarter. Helikon Investments Ltd raised its holdings in shares of IAMGOLD by 250.5% in the first quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company’s stock valued at $109,429,000 after purchasing an additional 23,485,183 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of IAMGOLD by 1.0% in the first quarter. Vanguard Group Inc. now owns 17,678,843 shares of the mining company’s stock valued at $58,871,000 after purchasing an additional 168,302 shares during the last quarter. Finally, Polunin Capital Partners Ltd raised its holdings in shares of IAMGOLD by 12.1% in the first quarter. Polunin Capital Partners Ltd now owns 8,995,059 shares of the mining company’s stock valued at $29,954,000 after purchasing an additional 968,104 shares during the last quarter. 47.08% of the stock is owned by institutional investors.

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.