Iamgold Corporation (NYSE:IAG) Getting Somewhat Favorable Press Coverage, Study Shows

News coverage about Iamgold Corporation (NYSE:IAG) (TSE:IMG) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Iamgold Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the mining company an impact score of 46.0552040143821 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

IAG has been the subject of a number of research analyst reports. Credit Suisse Group upgraded Iamgold Corporation from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $4.50 to $5.00 in a research report on Wednesday, May 10th. Scotiabank upgraded Iamgold Corporation from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, May 10th. National Bank Financial restated an “outperform market weight” rating on shares of Iamgold Corporation in a research report on Sunday, May 14th. BMO Capital Markets set a $5.00 price objective on Iamgold Corporation and gave the company a “hold” rating in a research report on Tuesday, May 16th. Finally, Bank of America Corporation upgraded Iamgold Corporation from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 23rd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $5.88.

Iamgold Corporation (NYSE IAG) opened at 5.70 on Friday. The company has a 50-day moving average price of $5.25 and a 200 day moving average price of $4.58. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 5.20 and a beta of -0.31. Iamgold Corporation has a 52-week low of $3.14 and a 52-week high of $5.94.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The business had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. During the same period last year, the business earned $0.01 EPS. The company’s revenue was up 18.1% on a year-over-year basis. On average, analysts expect that Iamgold Corporation will post $0.03 earnings per share for the current year.

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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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