IAMGOLD Corp Downgraded by Dundee Securities to “Sell” (IAG)
IAMGOLD Corp (NYSE:IAG) was downgraded by equities researchers at Dundee Securities to a “sell” rating in a research report issued on Wednesday, American Banking and Market News reports.
Shares of IAMGOLD Corp (NYSE:IAG) traded down 11.95% during mid-day trading on Wednesday, hitting $3.61. The stock had a trading volume of 14,212,831 shares. IAMGOLD Corp has a 52 week low of $3.15 and a 52 week high of $10.35. The stock has a 50-day moving average of $3.61 and a 200-day moving average of $4.70. The company has a market cap of $1.360 billion and a P/E ratio of 16.73.
IAMGOLD Corp (NYSE:IAG) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07. The company had revenue of $293.50 million for the quarter, compared to the consensus estimate of $346.24 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. On average, analysts predict that IAMGOLD Corp will post $0.35 earnings per share for the current fiscal year.
A number of other firms have also recently commented on IAG. Analysts at Canaccord Genuity downgraded shares of IAMGOLD Corp from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Barclays cut their price target on shares of IAMGOLD Corp from $5.00 to $4.00 in a research note to investors on Friday, January 17th. They now have an “underweight” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. IAMGOLD Corp presently has an average rating of “Hold” and a consensus target price of $6.71.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.