Iamgold Corp (NYSE:IAG) (TSE:IMG) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have covered the stock in the last year is $3.96.
Several equities research analysts have recently commented on the stock. BMO Capital Markets lowered their price objective on shares of Iamgold from $4.00 to $3.50 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. TheStreet raised Iamgold from a “d” rating to a “c-” rating in a research report on Wednesday, May 6th. Canaccord Genuity reissued a “hold” rating and issued a $4.75 price objective on shares of Iamgold in a report on Tuesday, May 5th. Credit Suisse Group restated a “hold” rating and issued a $3.25 price objective on shares of Iamgold in a research note on Tuesday, May 5th. Finally, Raymond James set a $4.00 target price on Iamgold and gave the company a “market perform” rating in a research report on Thursday, June 18th.
Shares of IAG stock traded up $0.06 during trading hours on Friday, reaching $3.59. 3,889,414 shares of the company’s stock were exchanged, compared to its average volume of 4,091,123. Iamgold has a 1 year low of $1.44 and a 1 year high of $4.16. The company has a current ratio of 4.08, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.67 billion, a PE ratio of -4.13, a PEG ratio of 7.47 and a beta of 0.90. The stock’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $3.20.
Several hedge funds have recently made changes to their positions in IAG. Amundi Pioneer Asset Management Inc. lifted its holdings in Iamgold by 46.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,989,092 shares of the mining company’s stock valued at $6,902,000 after purchasing an additional 626,792 shares in the last quarter. Swiss National Bank raised its position in shares of Iamgold by 1.4% during the 4th quarter. Swiss National Bank now owns 898,700 shares of the mining company’s stock worth $3,352,000 after purchasing an additional 12,100 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Iamgold by 53.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 72,774 shares of the mining company’s stock valued at $270,000 after buying an additional 25,194 shares in the last quarter. M&T Bank Corp acquired a new stake in Iamgold in the 4th quarter worth about $38,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Iamgold during the 4th quarter worth approximately $92,000. 54.74% of the stock is owned by institutional investors and hedge funds.
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.
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