Iamgold Corporation (NYSE:IAG) (TSE:IMG)’s share price was down 0.3% on Monday . The stock traded as low as $6.10 and last traded at $6.12. Approximately 2,948,542 shares were traded during trading, a decline of 41% from the average daily volume of 5,024,970 shares. The stock had previously closed at $6.10.

Several brokerages have issued reports on IAG. Raymond James Financial, Inc. boosted their target price on shares of Iamgold Corporation from $6.00 to $7.25 and gave the company a “market perform” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded Iamgold Corporation from a “hold” rating to a “strong-buy” rating and set a $5.75 target price for the company in a report on Wednesday, June 21st. Canaccord Genuity cut Iamgold Corporation from a “buy” rating to a “hold” rating and set a $8.07 target price for the company. in a research report on Friday. Royal Bank Of Canada decreased their target price on Iamgold Corporation from $6.50 to $6.00 and set a “sector perform” rating for the company in a research report on Friday, July 28th. Finally, CIBC upgraded Iamgold Corporation from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $6.93 to $7.00 in a report on Wednesday, September 6th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Iamgold Corporation currently has an average rating of “Hold” and an average price target of $6.98.

The stock’s 50 day moving average price is $6.08 and its 200-day moving average price is $4.89. The stock has a market capitalization of $2.87 billion, a PE ratio of 5.63 and a beta of -0.48.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The company had revenue of $274.50 million during the quarter, compared to analysts’ expectations of $267.07 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Equities analysts forecast that Iamgold Corporation will post $0.05 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of IAG. Great West Life Assurance Co. Can increased its holdings in Iamgold Corporation by 0.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 79,161 shares of the mining company’s stock worth $407,000 after purchasing an additional 460 shares in the last quarter. Comerica Bank raised its stake in shares of Iamgold Corporation by 1.9% in the 1st quarter. Comerica Bank now owns 25,820 shares of the mining company’s stock valued at $104,000 after purchasing an additional 485 shares during the period. Advisor Group Inc. raised its stake in shares of Iamgold Corporation by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 33,950 shares of the mining company’s stock valued at $175,000 after purchasing an additional 750 shares during the period. World Asset Management Inc raised its stake in shares of Iamgold Corporation by 3.9% in the 1st quarter. World Asset Management Inc now owns 27,537 shares of the mining company’s stock valued at $110,000 after purchasing an additional 1,040 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Iamgold Corporation by 2.6% in the 1st quarter. Wells Fargo & Company MN now owns 64,657 shares of the mining company’s stock valued at $258,000 after purchasing an additional 1,662 shares during the period. 56.35% of the stock is currently owned by institutional investors and hedge funds.

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Iamgold Corporation Company Profile

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.

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