Iamgold Corporation (NYSE:IAG) (TSE:IMG) has been given a $7.00 target price by research analysts at Royal Bank Of Canada in a research note issued on Friday. The firm presently has a “hold” rating on the mining company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 22.06% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the stock. TheStreet raised shares of Iamgold Corporation from a “c-” rating to a “b” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Iamgold Corporation from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Tuesday, August 1st. BidaskClub raised shares of Iamgold Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. BMO Capital Markets reissued a “buy” rating and set a $8.00 price objective on shares of Iamgold Corporation in a research report on Monday, October 2nd. Finally, ValuEngine raised shares of Iamgold Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Iamgold Corporation has a consensus rating of “Hold” and an average price target of $7.10.
Shares of Iamgold Corporation (NYSE IAG) traded down $0.17 on Friday, reaching $5.74. 3,472,866 shares of the company’s stock were exchanged, compared to its average volume of 7,153,909. The company has a quick ratio of 3.85, a current ratio of 4.78 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2,670.00, a PE ratio of 59.10, a P/E/G ratio of 29.19 and a beta of -0.53. 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 issued its quarterly earnings results on Tuesday, November 7th. The mining company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The business had revenue of $268.80 million for the quarter, compared to analysts’ expectations of $268.62 million. Iamgold Corporation had a net margin of 48.66% and a return on equity of 1.81%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. research analysts forecast that Iamgold Corporation will post 0.07 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of the stock. OxFORD Asset Management LLP acquired a new stake in shares of Iamgold Corporation in the 3rd quarter worth about $873,000. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Iamgold Corporation by 21.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 974,090 shares of the mining company’s stock worth $5,942,000 after acquiring an additional 170,317 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Iamgold Corporation by 96.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 2,066,300 shares of the mining company’s stock worth $12,644,000 after acquiring an additional 1,013,300 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Iamgold Corporation in the 3rd quarter worth about $177,000. Finally, Legal & General Group Plc raised its holdings in shares of Iamgold Corporation by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 366,157 shares of the mining company’s stock worth $2,309,000 after acquiring an additional 15,876 shares during the last quarter. Institutional investors own 54.13% of the company’s stock.
About Iamgold Corporation
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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