A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised IAMGOLD from a hold rating to a strong-buy rating and set a $6.75 price objective for the company in a research note on Wednesday, January 10th. BMO Capital Markets set a $7.00 target price on IAMGOLD and gave the stock a buy rating in a research note on Tuesday, December 19th. Desjardins reissued a buy rating on shares of IAMGOLD in a research note on Monday, December 11th. TheStreet cut IAMGOLD from a b rating to a c+ rating in a research note on Thursday, November 16th. Finally, Scotiabank reissued a hold rating on shares of IAMGOLD in a research note on Tuesday, November 14th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $7.07.
Shares of IAMGOLD (NYSE IAG) traded down $0.01 during midday trading on Wednesday, hitting $6.15. The stock had a trading volume of 4,710,617 shares, compared to its average volume of 4,280,000. IAMGOLD has a twelve month low of $3.36 and a twelve month high of $7.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.78 and a quick ratio of 3.85. The firm has a market capitalization of $2,870.00, a PE ratio of 5.64, a PEG ratio of 23.14 and a beta of -0.57.
A number of hedge funds and other institutional investors have recently made changes to their positions in IAG. Fox Run Management L.L.C. lifted its holdings in IAMGOLD by 121.2% during the 4th quarter. Fox Run Management L.L.C. now owns 26,325 shares of the mining company’s stock worth $153,000 after buying an additional 14,425 shares during the last quarter. Virtu Financial LLC lifted its holdings in IAMGOLD by 204.5% during the 3rd quarter. Virtu Financial LLC now owns 162,480 shares of the mining company’s stock worth $299,000 after buying an additional 109,116 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in IAMGOLD by 1,083.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 124,726 shares of the mining company’s stock worth $762,000 after buying an additional 114,183 shares during the last quarter. U S Global Investors Inc. lifted its holdings in IAMGOLD by 113.9% during the 3rd quarter. U S Global Investors Inc. now owns 28,955 shares of the mining company’s stock worth $177,000 after buying an additional 15,419 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in IAMGOLD during the 3rd quarter worth about $542,000. 55.92% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2018/01/18/iamgold-iag-lifted-to-buy-at-canaccord-genuity.html.
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.
Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter.