IAMGOLD Corp (IMG) Receives Average Recommendation of "Buy" from Analysts

Iamgold Corp (NYSE:IAG) as of current trade, has shown weekly performance of -2.28% which was maintained at -7.72% in one month period. Ameriprise Financial Inc. bought a new stake in shares of IAMGOLD in the 2nd quarter valued at approximately $600,000. BlueCrest Capital Management Ltd now owns 550,000 shares of the mining company's stock worth $3,207,000 after purchasing an additional 95,947 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of IAMGOLD by 171.4% in the 3rd quarter. Alliancebernstein L.P. now owns 32,900 shares of the mining company's stock valued at $170,000 after buying an additional 20,800 shares in the last quarter. Alps Advisors Inc. boosted its holdings in IAMGOLD by 12.9% in the third quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in IAMGOLD by 96.2% in the third quarter. Hedge funds and other institutional investors own 55.99% of the company's stock.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised IAMGOLD from a "hold" rating to a "strong-buy" rating and set a $6.75 price target for the company in a report on Wednesday, January 10th. Royal Bank of Canada set a $7.00 price objective on shares of IAMGOLD and gave the company a "hold" rating in a report on Friday, November 10th. TheStreet lowered shares of IAMGOLD from a "b" rating to a "c+" rating in a report on Thursday, November 16th.

Looking at the Analyst Recommendations of the stock, 3 Analysts issued a Buy for MoSys, 6 gave Outperform, 6 analysts gave Hold Rating, 2 issued Underperform and 0 marked the stock as Sell. The stock has an average rating of "Hold" and an average price target of $7.07.

More news: Goldman CEO Blankfein to Step Down as Soon as Year-End, WSJ Says

IAMGOLD (NYSE:IAG) opened at $5.35 on Wednesday. The stock exchanged hands 3.6 Million shares versus average trading capacity of 4.7 Million shares. IAMGOLD has a 1-year low of $3.36 and a 1-year high of $7.25. The firm has a market capitalization of $2,500.00, a PE ratio of 5.00, a price-to-earnings-growth ratio of 16.99 and a beta of -0.17. When we see the company's Volatility, it now has a monthly volatility of 4.43% and weekly volatility of 3.34%.

Looking forward to the ratio analysis, the IAMGOLD Corporation (NYSE:IAG) has price to earnings ratio of 4.81, which is indicating if firm is fluctuating between 15 and 25 than it lies on average position; but sometimes if it's under this value some experts consider it as undervalue security. The mining company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The company had revenue of $291.10 million during the quarter, compared to analyst estimates of $280.04 million. IAMGOLD had a return on equity of 1.08% and a net margin of 45.81%. However a year ago for the same quarter the company has reported $0.01 EPS. For the current quarter Iamgold Corp (NYSE:IAG) has high EPS estimates of $0.06 in contradiction of low EPS estimates of $-0.01.

Renaissance Technologies LLC raised its holdings in shares of IAMGOLD Corp (NYSE:IAG) (TSE:IMG) by 13.9% during the 4th quarter, HoldingsChannel reports.

Like this



09 March 2018
Swansea boss explains why Sanches is training in Portugal
You are focused on making the burn disappear. "We are in a position where everything is in our hands, one we love to be in".

09 March 2018
Huge new music and arts festival coming to Denver
Dates for a Denver music festival akin to Bonnaroo were announced Thursday, though we won't know about music acts until later this month.

09 March 2018
England preparing for Blackcaps batsman Ross Taylor ahead of series decider
Ross Taylor tore into England attack and ensured New Zealand leveled 5-ODI series at Dunedin. Both teams now head to Christchurch for the all important series decider.

09 March 2018
Trump has a 'feeling' Gary Cohn will be back
On Thursday, that debate takes center stage - and maybe a place live on cable news - once again in the Trump White House . The former Goldman Sachs executive has argued that the tariffs will end up hurting the United States economy.

09 March 2018
China promises 'justified and necessary response' to Trump tariffs
Trump followed his tweet on the trade gap with one that said: "The acting swiftly on Intellectual Property theft". Shipping containers are seen at the Port Newark Container Terminal in Newark, New Jersey, U.S. on July 2, 2009.

09 March 2018
We're Not The Cubs, We Have Better Players
That is some extreme confidence coming from the Astros, and it's truly challenging to repeat as World Series Champions. I think we're going to be totally fine.

09 March 2018
Boston Properties, Inc. (BXP) Stake Increased by AMP Capital Investors Ltd
OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Boston Properties by 41.7% in the fourth quarter. Gilder Gagnon Howe & Co Llc increased Twitter Inc Com Usd0.000005 (TWTR) stake by 354.42% reported in 2017Q3 SEC filing.

09 March 2018
The Westlake Chemical Partners LP (WLKP) SVP Acquires $113750.00 in Stock
Bowling Port Management Ltd Liability Com has 0.38% invested in Westlake Chemical Partners LP (NYSE: WLKP ) for 30,586 shares. It improved, as 91 investors sold MO shares while 516 reduced holdings. 127 funds opened positions while 474 raised stakes.

09 March 2018
Webster Bank NA Grows Holdings in Mastercard Inc (MA)
Mastercard makes up about 1.0% of Beacon Investment Advisory Services Inc.'s holdings, making the stock its 26th largest position. Zacks Investment Research lowered Mastercard from a "buy" rating to a "hold" rating in a report on Wednesday, January 3rd.

09 March 2018
Nuance Communications, Inc. (NUAN)
Moreover, Wade G W has 0.51% invested in Nuance Communications, Inc. 246,560 were accumulated by Credit Suisse Ag. It helps you quickly get a picture of where Wall Street stands on a stock without reading huge research reports.