What Do Analysts Say About IAMGOLD Corp. (IAG)

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%.

Like this



21 September 2017
Analysts See $1.13 EPS for Crown Castle International Corp
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, fix information and systems solutions. Cascadian Therapeutics Inc (USA) (NASDAQ:CASC) has declined 30.85% since September 20, 2016 and is downtrending.

21 September 2017
Vishay Intertechnology Inc. (VSH) Closed its Previous Trade at $18.25
It increased, as 67 investors sold BSX shares while 195 reduced holdings. 60 funds opened positions while 161 raised stakes. The collective rating of 1.6 for Darling Ingredients Inc. 281,366 were accumulated by California State Teachers Retirement.

21 September 2017
Owls hold secret to ageless ears
A small team of researchers from the University of Oldenburg revealed that barn owls do not loss their hearing at older age. In contrast, a human will have lost more than 30 decibels of sensitivity to high-sound frequencies by the age of 65.

20 September 2017
Haynes to lead Australia in Ashes in Lanning's absence
At the time, the national selector Shawn Flegler said that Haynes, a left-handed batsman, adapted well to the demands of captaincy.

20 September 2017
Chick-fil-A's largest store will only be 15 feet wide
With that idea in mind, they included elements built into the front facade that "give a subtle impression of the Twin Towers". Even so, Cates promises it's making "the dining experience as comfortable as possible" for patrons.

20 September 2017
Equifax chief information officer, chief security officer announce retirement after data breach
Last week, Equifax announced late Friday that its chief information officer and chief security officer would leave the company immediately.

20 September 2017
Oracle Corporation (ORCL) Given Buy Rating at BTIG Research
Also, insider Thomas Kurian sold 750,000 shares of Oracle Corporation stock in a transaction that occurred on Tuesday, July 18th. The enterprise software provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07.

20 September 2017
Cong welcomes Dhonis nomination for Padma Bhushan
His record is just as glittering in the Twenty20 (T20) Internationals with 1,212 runs in 78 matches. After stepping down from captaincy, Dhoni has been in stupendous form with the bat.

20 September 2017
Woman found dead in gym bathroom 2 days after entering
Employees then called for help and administered CPR until police and paramedics arrived. Patricia Austin, 78, of Chicago, was found in a bathroom stall just before 8 p.m.

20 September 2017
Beacon Financial Group Increases Position in Procter & Gamble Company (The) (PG)
Curbstone Financial Management Corp lifted its stake in shares of Procter & Gamble Company (The) by 0.6% during the first quarter. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.78 by $0.07.