Shares of Iamgold Corp. (NYSE:IAG) (TSE:IMG) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the firm. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $4.01.

IAG has been the subject of several recent research reports. Zacks Investment Research cut shares of Iamgold Corp. from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Royal Bank Of Canada upgraded shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating and upped their target price for the company from $5.50 to $6.50 in a research report on Monday, August 8th. Canaccord Genuity upgraded shares of Iamgold Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, October 19th. Credit Suisse Group AG initiated coverage on shares of Iamgold Corp. in a research report on Thursday, August 18th. They set a “neutral” rating and a $5.25 target price for the company. Finally, TD Securities upgraded shares of Iamgold Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Iamgold Corp. during the second quarter worth approximately $148,000. Emerald Acquisition Ltd. acquired a new position in Iamgold Corp. during the second quarter worth approximately $7,656,000. Societe Generale acquired a new position in Iamgold Corp. during the second quarter worth approximately $148,000. World Asset Management Inc increased its position in Iamgold Corp. by 10.7% in the second quarter. World Asset Management Inc now owns 24,961 shares of the mining company’s stock worth $103,000 after buying an additional 2,406 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in Iamgold Corp. by 514.8% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,758,496 shares of the mining company’s stock worth $11,420,000 after buying an additional 2,309,796 shares in the last quarter. Institutional investors own 48.24% of the company’s stock.

Iamgold Corp. (NYSE:IAG) traded down 6.6202% during mid-day trading on Wednesday, reaching $3.6138. The company had a trading volume of 5,684,305 shares. The firm’s 50-day moving average price is $3.79 and its 200-day moving average price is $4.14. Iamgold Corp. has a 12 month low of $1.15 and a 12 month high of $5.87. The stock’s market cap is $1.63 billion.

Iamgold Corp. (NYSE:IAG) last issued its earnings results on Monday, November 7th. The mining company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company earned $282.40 million during the quarter, compared to analysts’ expectations of $258.10 million. Iamgold Corp. had a negative net margin of 63.53% and a negative return on equity of 2.05%. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) EPS. Equities research analysts forecast that Iamgold Corp. will post $0.03 EPS for the current fiscal year.

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Iamgold Corp. Company Profile

IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.

5 Day Chart for NYSE:IAG

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