BMO Capital Markets set a $7.00 target price on IAMGOLD (NYSE:IAG) (TSE:IMG) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the mining company’s stock.
Several other equities research analysts have also recently weighed in on the stock. CIBC upgraded shares of IAMGOLD from a sector perform rating to a sector outperform rating and increased their price objective for the stock from $6.93 to $7.00 in a research report on Wednesday, September 6th. Scotiabank reiterated a hold rating on shares of IAMGOLD in a research report on Tuesday, November 14th. Desjardins restated a buy rating on shares of IAMGOLD in a report on Monday, December 11th. Canaccord Genuity cut shares of IAMGOLD from a buy rating to a hold rating and set a $8.07 price target for the company. in a report on Friday, September 29th. Finally, Raymond James Financial lifted their price objective on shares of IAMGOLD from $6.00 to $7.25 and gave the company a market perform rating in a report on Thursday, September 7th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $6.98.
Shares of IAMGOLD (IAG) opened at $5.86 on Tuesday. IAMGOLD has a twelve month low of $3.21 and a twelve month high of $7.25. The company has a current ratio of 4.78, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2,682.10, a P/E ratio of 5.33, a PEG ratio of 20.46 and a beta of -0.57.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its stake in IAMGOLD by 102.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock worth $110,000 after buying an additional 10,773 shares in the last quarter. Sigma Planning Corp purchased a new position in IAMGOLD in the 3rd quarter worth approximately $130,000. Quantbot Technologies LP purchased a new position in IAMGOLD in the 2nd quarter worth approximately $131,000. Alliancebernstein L.P. grew its stake in IAMGOLD by 171.9% in the 2nd quarter. Alliancebernstein L.P. now owns 32,900 shares of the mining company’s stock worth $170,000 after buying an additional 20,800 shares in the last quarter. Finally, Advisor Group Inc. grew its stake in IAMGOLD by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 33,950 shares of the mining company’s stock worth $175,000 after buying an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 56.04% of the company’s stock.
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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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