Iamgold (NYSE:IAG) (TSE:IMG)‘s stock had its “buy” rating restated by research analysts at National Bank Financial in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of Iamgold from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. BMO Capital Markets set a $6.00 price target on shares of Iamgold and gave the company a “buy” rating in a research report on Monday, December 17th. Raymond James reduced their price target on shares of Iamgold from $6.00 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, November 8th. Zacks Investment Research cut shares of Iamgold from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Finally, Credit Suisse Group upgraded shares of Iamgold from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.41.

IAG traded down $0.18 on Friday, reaching $2.83. The company had a trading volume of 9,660,395 shares, compared to its average volume of 4,912,468. Iamgold has a 1 year low of $2.75 and a 1 year high of $6.52. The stock has a market cap of $1.32 billion, a PE ratio of 47.17, a price-to-earnings-growth ratio of 9.43 and a beta of -0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.31 and a quick ratio of 3.40.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings results on Tuesday, November 6th. The mining company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Iamgold had a negative net margin of 0.98% and a positive return on equity of 1.14%. The firm had revenue of $244.80 million during the quarter, compared to analysts’ expectations of $266.17 million. During the same period in the previous year, the company earned $0.07 earnings per share. Iamgold’s quarterly revenue was down 8.9% compared to the same quarter last year. As a group, equities analysts expect that Iamgold will post 0.11 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LLC acquired a new position in Iamgold in the third quarter valued at $154,000. Sowell Financial Services LLC acquired a new position in Iamgold in the third quarter valued at $184,000. Tower Research Capital LLC TRC increased its stake in Iamgold by 82.1% in the third quarter. Tower Research Capital LLC TRC now owns 64,118 shares of the mining company’s stock valued at $237,000 after purchasing an additional 28,902 shares during the period. Virtu Financial LLC increased its stake in Iamgold by 7.9% in the fourth quarter. Virtu Financial LLC now owns 74,149 shares of the mining company’s stock valued at $273,000 after purchasing an additional 5,407 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Iamgold in the third quarter valued at $295,000. Institutional investors own 55.25% of the company’s stock.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Analyst Recommendations for Iamgold (NYSE:IAG)

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