IAMGOLD Corp Now Covered by Goldman Sachs Group Inc. (IAG)
Goldman Sachs Group Inc. began coverage on shares of IAMGOLD Corp (NYSE:IAG) in a research note issued on Friday, AnalystRatingsNetwork.com reports. The firm set a “sell” rating on the stock.
IAMGOLD Corp (NYSE:IAG) opened at 5.79 on Friday. IAMGOLD Corp has a 52-week low of $3.81 and a 52-week high of $16.88. The stock’s 50-day moving average is $5.71 and its 200-day moving average is $5.51. The company has a market cap of $2.181 billion and a price-to-earnings ratio of 15.24.
IAMGOLD Corp (NYSE:IAG) last announced its earnings results on Monday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $323.62 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 17.4% on a year-over-year basis. On average, analysts predict that IAMGOLD Corp will post $0.38 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on IAG. Analysts at Clarus Securities upgraded shares of IAMGOLD Corp (NYSE:IAG) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 13th. Analysts at BMO Capital Markets cut their price target on shares of IAMGOLD Corp (NYSE:IAG) from $8.00 to $5.00 in a research note to investors on Monday, July 15th. They now have a “market perform” rating on the stock.
Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $9.19.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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