News stories about Iamgold Corporation (NYSE:IAG) (TSE:IMG) have been trending somewhat positive on Saturday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iamgold Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the mining company an impact score of 47.1324188215798 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Several research analysts recently weighed in on IAG shares. Zacks Investment Research upgraded Iamgold Corporation from a “hold” rating to a “strong-buy” rating and set a $5.75 price objective for the company in a research report on Wednesday, June 21st. BMO Capital Markets set a $5.00 price target on Iamgold Corporation and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Credit Suisse Group set a $6.00 price target on Iamgold Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. ValuEngine upgraded Iamgold Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Scotiabank upped their price target on Iamgold Corporation from $5.75 to $6.25 and gave the stock a “sector perform” rating in a research note on Tuesday, August 1st. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Iamgold Corporation has a consensus rating of “Hold” and an average price target of $5.88.

Shares of Iamgold Corporation (NYSE:IAG) traded up 4.41% during mid-day trading on Friday, hitting $5.45. The stock had a trading volume of 4,779,433 shares. The stock’s market cap is $2.53 billion. Iamgold Corporation has a 12-month low of $3.14 and a 12-month high of $5.71. The company’s 50 day moving average price is $5.19 and its 200 day moving average price is $4.54.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The firm had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. Equities research analysts predict that Iamgold Corporation will post $0.04 EPS for the current fiscal year.

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About Iamgold Corporation

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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