IAMGOLD Corp (IMG) Price Target Raised to C$9.00 at TD Securities

Postado Agosto 13, 2017

Zacks Investment Research downgraded shares of Iamgold Corporation (NYSE:IAG) (TSE:IMG) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) have been given a consensus recommendation of "Hold" by the seven analysts that are now covering the stock, Marketbeat reports. Credit Suisse Group raised shares of Iamgold Corporation from an underperform rating to a neutral rating and boosted their price target for the company from $4.50 to $5.00 in a report on Wednesday, May 10th.

Iamgold Corporation (NYSE:IAG) opened at 5.45 on Tuesday. Scotiabank raised their price target on shares of IAMGOLD Corp to C$8.00 and gave the company a "sector perform" rating in a research report on Thursday, June 8th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Iamgold Corporation now has an average rating of Hold and an average target price of $5.88.

The stock of Iamgold Corporation (NYSE:IAG) registered a decrease of 12.4% in short interest.

The company is up by 4.02 percent from yesterday's close. Iamgold Corporation has a 52 week low of $3.14 and a 52 week high of $5.71. The stock last traded at $5.43 which is slightly above the 50 day moving average of $5.19 and which is quite a bit above the 200 day moving average of $4.53. The firm has a market capitalization of $3.22 billion and a P/E ratio of 6.31. The mining company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.51%. The business's revenue for the quarter was up 18.6% compared to the same quarter previous year. Aegis Financial Corp now owns 219,652 shares of the basic materials company's stock valued at $624,000 after buying an additional 96,683 shares during the last quarter. On average, equities research analysts expect that Iamgold Corporation will post $0.04 EPS for the current fiscal year. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of global trademark and copyright laws. The original version of this piece of content can be read at https://baseballnewssource.com/markets/iamgold-corporation-iag-stock-rating-reaffirmed-by-royal-bank-of-canada-updated-updated-updated/1220671.html.

Several hedge funds have recently bought and sold shares of PGLC. Cambridge Investment Research Advisors Inc. boosted its stake in Pershing Gold Corporation by 5.3% in the first quarter. Comerica Bank now owns 25,820 shares of the mining company's stock worth $104,000 after buying an additional 485 shares in the last quarter.

Heartland Advisors Inc. increased its stake in shares of Iamgold Corporation by 6.6% in the first quarter. Quantbot Technologies LP purchased a new position in shares of Iamgold Corporation during the second quarter worth approximately $131,000. Vanguard Group Inc. now owns 614,718 shares of the basic materials company's stock valued at $1,715,000 after buying an additional 29,018 shares during the last quarter. Finally, ARP Americas LLC increased its stake in Iamgold Corporation by 122.2% in the first quarter. AQR Capital Management LLC now owns 45,137 shares of the mining company's stock worth $175,000 after buying an additional 33,282 shares during the last quarter.