IAMGOLD (NYSE:IAG) Raised to Hold at StockNews.com

StockNews.com upgraded shares of IAMGOLD (NYSE:IAG) (TSE:IMG) from a sell rating to a hold rating in a research report report published on Friday.

A number of other analysts have also recently commented on the stock. BMO Capital Markets boosted their target price on shares of IAMGOLD from $4.50 to $5.00 and gave the stock an outperform rating in a research note on Tuesday, May 21st. National Bank Financial reissued a sector perform spec overwgt rating on shares of IAMGOLD in a research note on Monday, April 8th. Scotiabank boosted their target price on shares of IAMGOLD from $3.75 to $4.25 and gave the stock a sector perform rating in a research note on Monday, May 13th. Finally, CIBC boosted their target price on shares of IAMGOLD from $4.00 to $5.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $4.00.

IAMGOLD Trading Up 3.4 %

NYSE IAG opened at $4.00 on Friday. The company has a market capitalization of $1.99 billion, a PE ratio of 14.29, a P/E/G ratio of 0.40 and a beta of 1.68. The company has a fifty day moving average of $3.69 and a 200 day moving average of $2.94. IAMGOLD has a 1 year low of $1.99 and a 1 year high of $4.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.91 and a quick ratio of 0.55.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Thursday, May 9th. The mining company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. IAMGOLD had a net margin of 12.48% and a return on equity of 3.17%. The company had revenue of $338.90 million during the quarter. During the same period in the previous year, the firm posted $0.05 EPS. Research analysts forecast that IAMGOLD will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of IAMGOLD in the fourth quarter valued at about $26,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of IAMGOLD in the fourth quarter valued at about $29,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of IAMGOLD in the fourth quarter valued at about $33,000. Koshinski Asset Management Inc. purchased a new stake in shares of IAMGOLD in the fourth quarter valued at about $34,000. Finally, Cetera Advisors LLC purchased a new stake in shares of IAMGOLD in the first quarter valued at about $50,000. 47.08% of the stock is owned by hedge funds and other institutional investors.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.