Research Analysts’ Recent Ratings Changes for Iamgold Corporation (IAG)

Iamgold Corporation (NYSE: IAG) recently received a number of ratings updates from brokerages and research firms:

  • 10/24/2017 – Iamgold Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 10/23/2017 – Iamgold Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.50 price target on the stock. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 10/18/2017 – Iamgold Corporation was given a new $8.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 10/17/2017 – Iamgold Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. “
  • 10/2/2017 – Iamgold Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $8.00 price target on the stock.
  • 9/29/2017 – Iamgold Corporation was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $8.07 price target on the stock.
  • 9/15/2017 – Iamgold Corporation had its price target raised by analysts at Scotiabank from $6.25 to $7.00. They now have a “sector perform” rating on the stock.
  • 9/7/2017 – Iamgold Corporation had its price target raised by analysts at Raymond James Financial, Inc. from $6.00 to $7.25. They now have a “market perform” rating on the stock.
  • 9/6/2017 – Iamgold Corporation was upgraded by analysts at CIBC from a “sector perform” rating to a “sector outperform” rating. They now have a $7.00 price target on the stock, up previously from $6.93.

Shares of Iamgold Corporation (NYSE IAG) traded up 0.808% during mid-day trading on Monday, hitting $5.615. The stock had a trading volume of 1,669,903 shares. Iamgold Corporation has a 52 week low of $3.16 and a 52 week high of $7.25. The stock has a 50 day moving average price of $6.19 and a 200 day moving average price of $5.31. The firm has a market cap of $2.61 billion, a PE ratio of 5.119 and a beta of -0.48.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results 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 return on equity of 1.43% and a net margin of 46.75%. 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 previous year, the firm earned $0.01 EPS. Iamgold Corporation’s revenue was up 18.1% on a year-over-year basis. Equities research analysts expect that Iamgold Corporation will post $0.05 EPS for the current fiscal year.

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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