Economy

SG Americas Securities LLC Buys 47485 Shares of Iamgold Corporation (IAG)

IAMGOLD Corp (USA) (NYSE:IAG) has risen 21.20% since September 8, 2016 and is uptrending. SG Americas Securities LLC owned 0.10% of Iamgold Corporation worth $2,333,000 as of its most recent SEC filing. Vanguard Group Inc. raised its position in shares of Iamgold Corporation by 3.9% during the 1st quarter. The company had a trading volume of 7,885,561 shares. The stock exchanged hands 6.5 Million shares versus average trading capacity of 5.77 Million shares. Hexavest Inc. reduced its ownership by selling 3,059,210 shares a decrease of 97.7%. Creative Planning now owns 98,440 shares of the mining company's stock valued at $394,000 after buying an additional 10,168 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Iamgold Corporation by 3.9% in the first quarter. Similar statistics are true for the second largest owner, Donald Smith & Co., Inc., which owns 44,675,275 shares of the stock are valued at $308.71 million. Hedge funds and other institutional investors own 56.35% of the company's stock. The Price to Sales (P/S) ratio of the stock is 3, while P/B (Price to Book) stands at 1.16.

IAMGOLD Corp. (IAG) stock price rose 52.53 percent over the past one year, while increased 79.79 percent during the past 6 months. The share last price represents uptick move of 0.84% in value from company's 52-Week high price and shows 129.62% above change in value from its 52-Week low price. In the last earnings report the EPS was $1.10 and is expected to be $0.04 for the current year with 464,799,000 shares presently outstanding. For the current year the company's revenue estimates are $1.08 Billion compared to low analyst estimates of $1.02 Billion and high estimates of $1.13 Billion according to the prediction of 13 analysts. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%.

Iamgold Corporation was upgraded to "sector outperform" by analysts at CIBC. During the same period in the prior year, the company posted $0.01 earnings per share.

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Several analysts recently commented on IAG shares.

05/10/2017 - Iamgold Corporation was upgraded to "neutral" by analysts at Credit Suisse. BidaskClub upgraded Iamgold Corporation from a "hold" rating to a "buy" rating in a research report on Saturday, August 19th. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned "Sector Perform" rating by Scotia Capital on Thursday, May 11. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. This company shares are -4.72% up from its target price of $6.87 and the current market capitalization stands at $3.35B.



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