Shares of IAMGOLD Corp (NYSE:IAG) (TSE:IMG) have been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $7.05.

Several brokerages have issued reports on IAG. Scotiabank reissued a “hold” rating on shares of IAMGOLD in a report on Tuesday, November 14th. Desjardins reissued a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. BMO Capital Markets set a $7.00 price target on shares of IAMGOLD and gave the company a “buy” rating in a report on Tuesday, December 19th. Canaccord Genuity lowered shares of IAMGOLD from a “buy” rating to a “hold” rating and set a $8.07 price target on the stock. in a report on Friday, September 29th. Finally, Raymond James Financial boosted their price target on shares of IAMGOLD from $6.00 to $7.25 and gave the company a “market perform” rating in a report on Thursday, September 7th.

Several institutional investors and hedge funds have recently bought and sold shares of IAG. Raymond James Financial Services Advisors Inc. grew its holdings in shares of IAMGOLD by 102.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock worth $110,000 after purchasing an additional 10,773 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of IAMGOLD in the 3rd quarter worth about $130,000. Quantbot Technologies LP bought a new stake in shares of IAMGOLD in the 2nd quarter worth about $131,000. Alliancebernstein L.P. grew its holdings in shares of IAMGOLD by 171.9% in the 2nd quarter. Alliancebernstein L.P. now owns 32,900 shares of the mining company’s stock worth $170,000 after purchasing an additional 20,800 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of IAMGOLD by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 33,950 shares of the mining company’s stock worth $175,000 after purchasing an additional 750 shares during the last quarter. 56.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of IAMGOLD (NYSE IAG) traded down $0.12 during trading on Tuesday, reaching $5.98. 4,050,000 shares of the company’s stock traded hands, compared to its average volume of 3,660,000. The company has a market cap of $2,790.00, a price-to-earnings ratio of 5.49, a PEG ratio of 22.88 and a beta of -0.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.78 and a quick ratio of 3.85. IAMGOLD has a 12-month low of $3.36 and a 12-month high of $7.25.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings results on Tuesday, November 7th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The firm had revenue of $268.80 million for the quarter, compared to analyst estimates of $268.62 million. IAMGOLD had a net margin of 48.66% and a return on equity of 1.81%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. sell-side analysts forecast that IAMGOLD will post 0.09 EPS for the current year.

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About IAMGOLD

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 (NYSE:IAG)

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