IAMGOLD Corp Now Covered by Analysts at Roth Capital (IAG)
Stock analysts at Roth Capital started coverage on shares of IAMGOLD Corp (NYSE:IAG) in a report issued on Thursday, AmericanBankingNews.com reports. The firm set a “buy” rating on the stock.
Shares of IAMGOLD Corp (NYSE:IAG) opened at 4.51 on Thursday. IAMGOLD Corp has a one year low of $3.81 and a one year high of $16.30. The stock has a 50-day moving average of $5.44 and a 200-day moving average of $5.3. The company has a market cap of $1.698 billion and a price-to-earnings ratio of 11.87.
IAMGOLD Corp (NYSE:IAG) last announced its earnings results on Monday, August 12th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters 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.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of IAMGOLD Corp 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 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 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 analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.19.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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