Economy

Iamgold Corporation (IAG) Sees Large Increase in Short Interest

With short interest at 7,384,151 and short average daily volume at 7,495,578, the short-interest ratio is 1.0 and the percentage of shorted shares was 0.02% on September 15.

Several other analysts have also weighed in on IAG. TheStreet upgraded shares of Iamgold Corporation from a c- rating to a b rating in a research report on Thursday, August 17th. Also, the Hold rating count is 8 as of 10/02/17. Royal Bank Of Canada lowered their target price on Iamgold Corporation from $6.50 to $6.00 and set a sector perform rating on the stock in a report on Friday, July 28th. The current consensus recommendation provided by covering analysts is 2.50.

IAMGOLD Corporation (IAG) now has the company's industry has 12.6 P/E and the sector P/E is 16.6. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Finally, Scotiabank boosted their price target on shares of Iamgold Corporation from $6.25 to $7.00 and gave the stock a sector perform rating in a research report on Friday, September 15th. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents. For the next 5 years, IAMGOLD Corp.is expecting Growth of 3% per annum, whereas in the past 5 years the growth was -43.81% per annum. While for the next 5 years, the growth estimate is 3%. The mining company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%.

06/15/2017 - Raymond James began new coverage on Iamgold Corporation giving the company a "market perform" rating. During the same period in the previous year, the business posted $0.01 earnings per share. Equities research analysts predict that Iamgold Corporation will post $0.05 EPS for the current year.

Iamgold Corp (NYSE:IAG) shares traded on -3.54% below secure line and closed at $6. If you are accessing this news story on another website, it was stolen and reposted in violation of USA & worldwide trademark and copyright legislation. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. As of quarter end U S Global Investors Inc had bought 1,536 shares growing its stake by 12.8%. The industry's and sector's high P/E for the past year is 135.01 and 32.14 respectively and low P/E ratio for the last 5 years is 5.77 for the industry and 10.06 for the Sector.

The company now has an insider ownership of 1.7 Percent and Institutional ownership of 76.8 Percent.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $7.87 on the stock, this valuation is based on 13 number of opinions. World Asset Management Inc boosted its holdings in Iamgold Corporation by 3.9% in the 1st quarter. The stock is now showing its Return on Assets (ROA) value of 13.8 Percent. Sprott Inc. acquired a new position in Iamgold Corporation in the second quarter valued at about $114,000. Toronto Dominion Bank downsized its investment by shedding 600 shares a decrease of 6.9% from 03/31/2017 to 06/30/2017. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.



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