Iamgold (NYSE:IAG) Earns “Hold” Rating from Canaccord Genuity

Canaccord Genuity reiterated their hold rating on shares of Iamgold (NYSE:IAG) (TSE:IMG) in a research note published on Friday morning, TipRanks reports.

IAG has been the topic of several other research reports. Raymond James set a $31.00 price objective on shares of Mylan and gave the company a buy rating in a research note on Wednesday, May 8th. ValuEngine raised shares of Xylem from a hold rating to a buy rating in a research report on Friday, June 21st. BMO Capital Markets downgraded shares of Iamgold from an outperform rating to a market perform rating in a research report on Monday, May 6th. Royal Bank of Canada reissued a neutral rating and issued a $192.00 target price on shares of Amgen in a research report on Tuesday, May 21st. Finally, Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a buy rating to a hold rating in a research report on Wednesday, June 26th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $4.18.

Iamgold stock traded down $0.02 during trading hours on Friday, hitting $3.74. The company had a trading volume of 5,959,060 shares, compared to its average volume of 5,504,531. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 62.33, a P/E/G ratio of 52.50 and a beta of 0.08. The company has a quick ratio of 3.11, a current ratio of 4.18 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average is $3.25. Iamgold has a fifty-two week low of $2.28 and a fifty-two week high of $5.79.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Iamgold by 63.3% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,851,125 shares of the mining company’s stock valued at $6,257,000 after purchasing an additional 717,261 shares during the last quarter. Clean Yield Group boosted its stake in shares of Iamgold by 168.8% in the 2nd quarter. Clean Yield Group now owns 43,000 shares of the mining company’s stock valued at $145,000 after purchasing an additional 27,000 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of Iamgold by 8.2% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 144,850 shares of the mining company’s stock valued at $490,000 after purchasing an additional 11,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Iamgold by 46.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,989,092 shares of the mining company’s stock valued at $6,902,000 after purchasing an additional 626,792 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in shares of Iamgold by 54.3% in the 1st quarter. Marshall Wace North America L.P. now owns 607,822 shares of the mining company’s stock valued at $2,109,000 after purchasing an additional 213,840 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

About Iamgold

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Analyst Recommendations for Iamgold (NYSE:IAG)

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