IAMGOLD Corp (NYSE:IAG) (TSE:IMG) has been assigned an average rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.05.
IAG has been the topic of several research reports. CIBC upgraded shares of IAMGOLD from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $6.93 to $7.00 in a research note on Wednesday, September 6th. Raymond James Financial boosted their target price on shares of IAMGOLD from $6.00 to $7.25 and gave the stock a “market perform” rating in a research report on Thursday, September 7th. Scotiabank boosted their target price on shares of IAMGOLD from $6.25 to $7.00 and gave the stock a “sector perform” rating in a research report on Friday, September 15th. Canaccord Genuity downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating and set a $8.07 target price for the company. in a research report on Friday, September 29th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $8.00 target price on shares of IAMGOLD in a research report on Monday, October 2nd.
IAMGOLD (NYSE:IAG) remained flat at $$5.83 during trading on Tuesday. 3,112,600 shares of the company were exchanged, compared to its average volume of 6,714,893. The stock has a market cap of $2,709.99, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 20.67 and a beta of -0.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.78. IAMGOLD has a 12 month low of $3.36 and a 12 month high of $7.25.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can boosted its holdings in shares of IAMGOLD by 0.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 79,161 shares of the mining company’s stock worth $407,000 after buying an additional 460 shares during the period. Advisor Group Inc. boosted its holdings in shares of IAMGOLD by 2.3% during the 2nd quarter. Advisor Group Inc. now owns 33,950 shares of the mining company’s stock worth $175,000 after buying an additional 750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of IAMGOLD by 19.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,990 shares of the mining company’s stock worth $221,000 after buying an additional 6,894 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of IAMGOLD by 102.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock worth $110,000 after buying an additional 10,773 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in IAMGOLD by 2.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 607,826 shares of the mining company’s stock valued at $3,131,000 after purchasing an additional 14,600 shares during the last quarter. 56.04% of the stock is owned by institutional investors and hedge funds.
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IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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