Economy

What Do Analysts Say About IAMGOLD Corp. (IAG)

The fund held 213,600 stocks of the mining firms shares after scooping up an extra 202,747 shares through out the quarter. The stock exchanged hands 7.23 Million shares versus average trading capacity of 5.34 Million shares, yielding a market cap of $2.99 Billion. The company has an average rating of Hold and an average target price of $6.82. On all these fact firm receives analyst recommendation of 2.20 on scale of 1-5, according to factsheet. Out of rating recommendations 2 have given the stock a Buy while 1 recommend the stock as Outperform. Furthermore on 5/10/17 Credit Suisse "Upgrades" the stock to Neutral at $0. HTHT's distance from 20 day simple moving average is 11.21% and distance from 50-Day simple moving average is 22.29%. The stock hit its 52-week high on 09/08/17, and 52-week low on 10/07/16. Wall Street analysts covering the stock are projecting that the stock will reach $7.91 within the next 52-weeks. Raymond James Financial, Inc. increased their price objective on shares of Iamgold Corporation from $6.00 to $7.25 and gave the company a "market perform" rating in a research report on Thursday, September 7th.

While taking a glance at financials, we can look at a number of key indicators. Wells Fargo & Company MN has an ownership of 64,657 stocks of the mining firms shares valued $258,000 after scooping up an extra 1,662 shares through out the previous quarter, Canada Pension Plan Investment Board bought a new stake in stocks of Iamgold Corporation in the 1st quarter worth at $679,000. Relative strength index (RSI-14) for Ericsson ADR (NASDAQ:ERIC) is at 35.34. Stock value has moved between $1.7 - 3.7 in last one year.

The IAG also have attractive liquidity position, it has current ratio of 5.20 and quick ratio was calculated as 4.20. Further, the firm has debt to equity ratio of 4.33, sometimes it remain same with long term debt to equity ratio.

Investec Asset Management LTD raised its position in Iamgold Corporation (NYSE:IAG) (TSE:IMG) by 21.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.

When it comes to the Analysis of a Stock, Price Target plays a vital role. These analysts have also projected a Low Estimate of $-0.03/share and a High Estimate of $0.02/share. Stock's minimum price target estimates has been figured out at $5.5 while the maximum price target forecast is established at $9.46. 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 $1.12 Billion according to 13 number of analysts.

Stock has got OUTPERFORM rating from 5 analyst (s) whereas last month 4 analyst (s) have given outperform rating. 6 have given the stock a Hold rating, 3 as Underperform and 0 as Sell.

Previously on 9/15/2017, Scotia Capital reported on Iamgold Corp (TSE:IAG) increased the target price from $0.00 to $8.50.

Iamgold Corporation (IAG) opened at 6.36 on Wednesday.

Iamgold Corp (NYSE:IAG) 52-week high price stands at $7.25 and low price stands at $3.14, its price distance from 52-week high is -12.69% while its distance from 52-week low price is 101.59%. The firm had revenue of $274.50 million during the quarter, compared to analyst estimates of $267.07 million. The company's price to free cash flow for trailing twelve months is 8.67. The Stock now has a Weekly Volatility of 3.53% and Monthly Volatility of 3.55%.

Currently Iamgold Corp (NYSE:IAG)'s shares owned by insiders are 1.7%, whereas shares owned by institutional owners are 76.8%. Beta value of the stock stands at -0.48. While returns on assets calculated as 13.80% that gives an idea about how efficient management is at using its assets to generate earnings. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%.



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