IAMGOLD Co. (NYSE:IAG) Receives Consensus Recommendation of “Hold” from Analysts

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) has received an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $3.55.

A number of research firms recently issued reports on IAG. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Scotiabank lifted their target price on IAMGOLD from $3.25 to $3.75 and gave the stock a “sector perform” rating in a report on Thursday. StockNews.com lowered IAMGOLD from a “hold” rating to a “sell” rating in a report on Thursday. BMO Capital Markets lifted their target price on IAMGOLD from $4.00 to $4.25 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, CIBC lifted their target price on IAMGOLD from $3.00 to $3.10 and gave the stock a “neutral” rating in a report on Wednesday, February 7th.

IAMGOLD Price Performance

Shares of IAG opened at $3.66 on Friday. The stock’s fifty day moving average is $3.09 and its 200-day moving average is $2.65. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.26 and a beta of 1.70. IAMGOLD has a one year low of $1.99 and a one year high of $3.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 1.19.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its earnings results on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $297.60 million for the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. Equities analysts anticipate that IAMGOLD will post 0.07 EPS for the current year.

Institutional Investors Weigh In On IAMGOLD

A number of institutional investors have recently bought and sold shares of IAG. Helikon Investments Ltd lifted its holdings in shares of IAMGOLD by 250.5% during the 1st quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company’s stock valued at $109,429,000 after buying an additional 23,485,183 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of IAMGOLD by 492.0% during the 1st quarter. Two Sigma Investments LP now owns 7,284,801 shares of the mining company’s stock valued at $19,742,000 after buying an additional 6,054,262 shares during the last quarter. Norges Bank acquired a new stake in shares of IAMGOLD during the 4th quarter valued at about $12,557,000. Donald Smith & CO. Inc. lifted its holdings in shares of IAMGOLD by 13.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company’s stock valued at $90,519,000 after buying an additional 4,358,444 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of IAMGOLD during the 4th quarter valued at about $10,972,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.