Iamgold Corporation (NYSE:IAG) (TSE:IMG) had its price objective raised by Scotiabank from $6.25 to $7.00 in a report released on Friday morning. They currently have a sector perform rating on the mining company’s stock.

Other equities research analysts have also issued research reports about the company. TheStreet raised Iamgold Corporation from a c- rating to a b rating in a report on Thursday, August 17th. Zacks Investment Research raised Iamgold Corporation from a hold rating to a buy rating and set a $5.75 price objective on the stock in a report on Monday, July 17th. BidaskClub raised Iamgold Corporation from a hold rating to a buy rating in a report on Saturday, August 19th. Royal Bank Of Canada reaffirmed a hold rating on shares of Iamgold Corporation in a report on Wednesday, July 12th. Finally, BMO Capital Markets set a $5.00 price objective on Iamgold Corporation and gave the company a hold rating in a report on Tuesday, June 6th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $6.82.

Shares of Iamgold Corporation (NYSE:IAG) traded down 1.35% during trading on Friday, hitting $6.57. The stock had a trading volume of 8,310,062 shares. The stock’s 50-day moving average is $6.02 and its 200-day moving average is $4.83. Iamgold Corporation has a 12-month low of $3.14 and a 12-month high of $7.25. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 5.99 and a beta of -0.40.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. The firm had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. During the same quarter last year, the company posted $0.01 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. On average, equities research analysts expect that Iamgold Corporation will post $0.05 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Iamgold Corporation by 3.5% during the 1st quarter. Van ECK Associates Corp now owns 85,304,445 shares of the mining company’s stock valued at $341,218,000 after acquiring an additional 2,911,229 shares during the period. Renaissance Technologies LLC lifted its position in shares of Iamgold Corporation by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 18,851,800 shares of the mining company’s stock valued at $97,275,000 after acquiring an additional 873,700 shares during the period. Vanguard Group Inc. lifted its position in shares of Iamgold Corporation by 9.7% during the 2nd quarter. Vanguard Group Inc. now owns 9,492,363 shares of the mining company’s stock valued at $48,980,000 after acquiring an additional 838,766 shares during the period. Tocqueville Asset Management L.P. lifted its position in shares of Iamgold Corporation by 183.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 6,850,300 shares of the mining company’s stock valued at $35,348,000 after acquiring an additional 4,437,200 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Iamgold Corporation by 1.2% during the 2nd quarter. Franklin Resources Inc. now owns 5,452,000 shares of the mining company’s stock valued at $28,132,000 after acquiring an additional 65,000 shares during the period. Institutional investors own 56.35% of the company’s stock.

About Iamgold Corporation

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.

Analyst Recommendations for Iamgold Corporation (NYSE:IAG)

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