Traders Buy Large Volume of Call Options on IAMGOLD Corp (IAG)
Shares of IAMGOLD Corp (NYSE:IAG) saw some unusual options trading on Monday. Investors bought 5,458 call options on the company, AnalystRatingsNetwork.com reports. This is an increase of 135% compared to the typical volume of 2,320 call options.
A number of analysts have recently weighed in on IAG shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of IAMGOLD Corp (NYSE:IAG) in a research note to investors on Friday, September 20th. They set a “sell” rating on the stock. Separately, 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. Finally, 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 assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.19.
IAMGOLD Corp (NYSE:IAG) traded down 0.42% during mid-day trading on Monday, hitting $4.75. 6,658,686 shares of the company’s stock traded hands. IAMGOLD Corp has a one year low of $3.81 and a one year high of $16.88. The stock’s 50-day moving average is $5.74 and its 200-day moving average is $5.45. The company has a market cap of $1.789 billion and a P/E ratio of 12.55.
IAMGOLD Corp (NYSE:IAG) last released its earnings data 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 previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter 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.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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