Several other research firms have also recently issued reports on IAG. National Bank Financial upped their price objective on IAMGOLD from C$5.00 to C$5.50 in a research report on Wednesday, April 20th. Zacks Investment Research raised IAMGOLD from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Friday, April 29th. Credit Suisse Group cut IAMGOLD from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $3.50 to $2.50 in a research report on Wednesday. Stifel Nicolaus decreased their target price on IAMGOLD from C$3.50 to C$3.25 in a research report on Wednesday, April 27th. Finally, Royal Bank of Canada cut IAMGOLD from a “sector perform” rating to an “underperform” rating and set a $2.00 target price for the company. in a research report on Wednesday, April 20th. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.35.
IAG stock opened at $2.08 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.12 and a debt-to-equity ratio of 0.20. IAMGOLD has a 12-month low of $1.96 and a 12-month high of $3.85. The business’s fifty day moving average price is $3.26 and its 200 day moving average price is $3.04.
A number of hedge funds have recently made changes to their positions in IAG. Aigen Investment Management LP acquired a new stake in IAMGOLD in the first quarter valued at $51,000. Russell Investments Group Ltd. raised its position in IAMGOLD by 37.0% during the first quarter. Russell Investments Group Ltd. now owns 2,825,537 shares of the mining company’s stock worth $9,832,000 after acquiring an additional 762,573 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of IAMGOLD in the first quarter valued at about $506,000. Perfromance Wealth Partners LLC acquired a new stake in shares of IAMGOLD in the first quarter valued at approximately $37,000. Finally, Bennicas & Associates Inc. increased its stake in shares of IAMGOLD by 9.3% during the 1st quarter. Bennicas & Associates Inc. now owns 64,766 shares of the mining company’s stock worth $225,000 after purchasing an additional 5,500 shares in the last quarter. 49.21% of the stock is currently owned by hedge funds and other institutional investors.
IAMGOLD Company Profile (Get Rating)
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.
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