TD Securities Cuts IAMGOLD (NYSE:IAG) Price Target to C$5.00

IAMGOLD (NYSE:IAGGet Rating) (TSE:IMG) had its price objective dropped by investment analysts at TD Securities from C$6.50 to C$5.00 in a research note issued to investors on Thursday, The Fly reports.

IAG has been the topic of several other research reports. Credit Suisse Group lowered shares of IAMGOLD from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $3.50 to $2.50 in a research report on Wednesday. BMO Capital Markets cut shares of IAMGOLD from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $4.00 to $2.75 in a research note on Monday, April 18th. Stifel Nicolaus cut shares of IAMGOLD from a “hold” rating to a “sell” rating in a research note on Thursday. Canaccord Genuity Group cut shares of IAMGOLD from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, StockNews.com cut shares of IAMGOLD from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Seven investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Sell” and a consensus price target of $3.35.

NYSE IAG opened at $2.11 on Thursday. The company’s 50 day moving average is $3.25 and its 200-day moving average is $3.04. IAMGOLD has a 12-month low of $1.96 and a 12-month high of $3.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.63 and a quick ratio of 1.12.

IAMGOLD (NYSE:IAGGet Rating) (TSE:IMG) last posted its quarterly earnings results on Wednesday, February 23rd. The mining company reported $0.09 earnings per share (EPS) for the quarter. IAMGOLD had a negative net margin of 20.65% and a positive return on equity of 1.88%. The company had revenue of $294.60 million for the quarter, compared to analyst estimates of $296.07 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, equities analysts expect that IAMGOLD will post 0.05 EPS for the current year.

Large investors have recently modified their holdings of the company. Perfromance Wealth Partners LLC bought a new position in shares of IAMGOLD in the 1st quarter worth $37,000. Aigen Investment Management LP bought a new position in shares of IAMGOLD during the 1st quarter valued at $51,000. Optimum Investment Advisors bought a new position in shares of IAMGOLD during the 4th quarter valued at $47,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of IAMGOLD by 28.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,511 shares of the mining company’s stock valued at $44,000 after purchasing an additional 4,350 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of IAMGOLD by 47.1% during the 3rd quarter. LPL Financial LLC now owns 28,206 shares of the mining company’s stock valued at $64,000 after purchasing an additional 9,025 shares during 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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