IAMGOLD Corp Rating Lowered to Reduce at Cormark (IAG)
IAMGOLD Corp (NYSE:IAG) was downgraded by Cormark to a “reduce” rating in a research note issued on Friday, American Banking News.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Roth Capital cut their price target on shares of IAMGOLD Corp from $4.50 to $4.25 in a research note on Friday. Separately, analysts at Dundee Securities downgraded shares of IAMGOLD Corp from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 22nd. Finally, analysts at Canaccord Genuity downgraded shares of IAMGOLD Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $5.61.
Shares of IAMGOLD Corp (NYSE:IAG) traded down 3.20% during mid-day trading on Friday, hitting $3.93. 6,966,251 shares of the company’s stock traded hands. IAMGOLD Corp has a 52 week low of $3.15 and a 52 week high of $7.75. The stock has a 50-day moving average of $3.74 and a 200-day moving average of $4.55. The company has a market cap of $1.480 billion and a P/E ratio of 16.57.
IAMGOLD Corp (NYSE:IAG) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $247.20 million for the quarter, compared to the consensus estimate of $277.00 million. On average, analysts predict that IAMGOLD Corp will post $0.15 earnings per share for the current fiscal year.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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