Raymond James set a $6.00 target price on Iamgold (NYSE:IAG) (TSE:IMG) in a report released on Wednesday morning. The firm currently has a hold rating on the mining company’s stock.

Other analysts have also issued reports about the company. TheStreet lowered Iamgold from a b rating to a c- rating in a report on Friday, August 10th. ValuEngine lowered Iamgold from a buy rating to a hold rating in a report on Wednesday, August 8th. BMO Capital Markets reissued a buy rating and set a $7.00 target price on shares of Iamgold in a report on Friday, September 21st. Zacks Investment Research lowered Iamgold from a hold rating to a sell rating in a report on Thursday, October 18th. Finally, Canaccord Genuity reissued a buy rating on shares of Iamgold in a report on Sunday, October 21st. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $6.68.

IAG stock traded down $0.14 during trading hours on Wednesday, hitting $3.13. 6,639,229 shares of the stock were exchanged, compared to its average volume of 5,313,735. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.31 and a quick ratio of 3.80. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 52.17, a PEG ratio of 9.25 and a beta of -0.19. Iamgold has a 12 month low of $3.08 and a 12 month high of $6.52.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Tuesday, November 6th. The mining company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $244.80 million for the quarter, compared to analysts’ expectations of $266.17 million. Iamgold had a positive return on equity of 1.14% and a negative net margin of 0.98%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. Research analysts expect that Iamgold will post 0.12 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sigma Planning Corp acquired a new stake in shares of Iamgold during the 2nd quarter worth $111,000. LPL Financial LLC boosted its stake in Iamgold by 201.3% in the first quarter. LPL Financial LLC now owns 64,503 shares of the mining company’s stock valued at $335,000 after buying an additional 43,098 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in Iamgold in the second quarter valued at about $407,000. Cumberland Partners Ltd acquired a new stake in Iamgold in the second quarter valued at about $534,000. Finally, Fosun International Ltd acquired a new stake in Iamgold in the third quarter valued at about $366,000. 53.42% of the stock is currently owned by institutional investors.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Analyst Recommendations for Iamgold (NYSE:IAG)

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