Iamgold Corporation (NYSE:IAG) Receives Consensus Rating of "Hold" from Analysts

Previously Iamgold Corp (NYSE:IAG) reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.02 by $0.03 with surprise factor of 150%. The company's stock had a trading volume of 5,199,027 shares. According to these analysts, the Low Revenue Estimate for IAMGOLD 261.67 Million and the High Revenue Estimate is 274.58 Million.

Other equities research analysts also recently issued research reports about the company. Comerica Bank boosted its position in shares of Iamgold Corporation by 1.9% in the first quarter. Comerica Bank now owns 25,335 shares of the mining company's stock valued at $112,000 after buying an additional 5,733 shares during the period. World Asset Management Inc raised its position in shares of Iamgold Corporation by 3.9% in the first quarter. Acadian Asset Management LLC acquired a new position in Iamgold Corporation during the second quarter worth approximately $137,000. Wells Fargo & Company MN now owns 64,657 shares of the mining company's stock valued at $258,000 after buying an additional 1,662 shares in the last quarter. Sprott Inc. purchased a new stake in shares of Iamgold Corporation during the second quarter worth approximately $114,000. Bennicas & Associates Inc. now owns 92,200 shares of the mining company's stock valued at $369,000 after buying an additional 4,500 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Iamgold Corporation by 280.7% in the fourth quarter. Institutional investors and hedge funds own 58.13% of the company's stock.

Iamgold Corporation (IAG) traded down 4.04% on Tuesday, reaching $5.22.

The stock's 50 day moving average is 5.15 and its 200 day moving average is 4.49. The company's market capitalization is $2.55 billion.

A number of investment brokers have recently updated their price targets on shares of Iamgold Corporation (NYSE:IAG). The company reported the earnings of $0.01/Share in the last quarter where the estimated EPS by analysts was $-0.02/share. The firm had revenue of $260.50 million for the quarter, compared to analyst estimates of $264.54 million. Iamgold Corporation had a positive return on equity of 1.63% and a negative net margin of 1.80%. The business's revenue for the quarter was up 18.6% compared to the same quarter previous year. During the same period a year ago, the firm posted ($0.02) EPS.

Many analysts are providing their Estimated Earnings analysis for IAMGOLD Corp. and for the current quarter 12 analysts have projected that the stock could give an Average Earnings estimate of $0.01/share.

WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. Zacks Investment Research raised Iamgold Corporation from a "hold" rating to a "buy" rating and set a $6.00 price target on the stock in a research note on Tuesday. Raymond James Financial, Inc. reaffirmed a market perform rating and issued a $6.00 price objective on shares of Iamgold Corporation in a report on Thursday, June 15th. CIBC boosted their price objective on IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th.

A total of 10 analysts have released a research note on IAG. zero analysts rating the company a strong buy, two analysts rating the company a buy, seven analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $42.26.

While looking at the Stock's Performance, IAMGOLD Corp. now shows a Weekly Performance of 6.46%, where Monthly Performance is 5.63%, Quarterly performance is 50.69%, 6 Months performance is 16.24% and yearly performance percentage is 3.03%. Paradigm Research upgraded the stock to "Buy" rating in Monday, July 18 report. The stock has a consensus rating of Hold and a consensus price target of $5.88.

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