IAMGOLD Co. (NYSE:IAG) Receives $4.00 Average Target Price from Analysts

Shares of IAMGOLD Co. (NYSE:IAGGet Free Report) (TSE:IMG) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $4.01.

Several brokerages have recently weighed in on IAG. CIBC raised their target price on IAMGOLD from $3.00 to $3.10 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets lowered their target price on IAMGOLD from $3.25 to $3.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Raymond James lowered their target price on IAMGOLD from $3.25 to $3.00 and set an “underperform” rating for the company in a research note on Tuesday, October 31st. Finally, National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Wednesday, January 3rd.

Check Out Our Latest Analysis on IAG

Hedge Funds Weigh In On IAMGOLD

Large investors have recently modified their holdings of the stock. Citigroup Inc. bought a new position in shares of IAMGOLD during the first quarter worth about $31,000. Raymond James Financial Services Advisors Inc. bought a new position in IAMGOLD in the fourth quarter worth about $26,000. First Trust Advisors LP bought a new position in IAMGOLD in the first quarter worth about $40,000. Private Advisor Group LLC bought a new position in IAMGOLD in the first quarter worth about $41,000. Finally, Hsbc Holdings PLC bought a new position in IAMGOLD in the third quarter worth about $28,000. Institutional investors own 49.40% of the company’s stock.

IAMGOLD Stock Down 0.6 %

Shares of NYSE IAG opened at $2.48 on Monday. IAMGOLD has a 12-month low of $1.99 and a 12-month high of $3.34. The company has a market cap of $1.19 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.61 and a beta of 1.65. The company has a current ratio of 1.60, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $2.47 and a 200 day moving average price of $2.40.

IAMGOLD (NYSE:IAGGet Free Report) (TSE:IMG) last announced its quarterly earnings results on Friday, November 10th. The mining company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $224.50 million during the quarter. IAMGOLD had a return on equity of 0.38% and a net margin of 14.24%. During the same quarter in the prior year, the company posted ($0.03) earnings per share. Research analysts anticipate that IAMGOLD will post 0.05 EPS for the current fiscal year.

IAMGOLD Company Profile

(Get Free Report

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America and West Africa. The company owns 100% interest in the Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and 90% interests in the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa.

Read More

Analyst Recommendations for IAMGOLD (NYSE:IAG)

Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter.