IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.68.
A number of analysts recently commented on IAG shares. CIBC upped their price objective on IAMGOLD from $5.40 to $6.40 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. National Bank Financial upgraded shares of IAMGOLD from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. StockNews.com raised shares of IAMGOLD from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "buy" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $6.00 price objective on shares of IAMGOLD in a research note on Tuesday, October 22nd.
Read Our Latest Research Report on IAMGOLD
IAMGOLD Stock Performance
Shares of IAG traded up $0.11 during mid-day trading on Friday, hitting $5.50. 3,014,636 shares of the company traded hands, compared to its average volume of 7,171,159. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 4.30 and a beta of 1.57. The stock has a 50-day moving average price of $5.34 and a two-hundred day moving average price of $4.67. IAMGOLD has a 1 year low of $2.11 and a 1 year high of $6.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89.
Institutional Investors Weigh In On IAMGOLD
Several institutional investors have recently made changes to their positions in the company. ORG Partners LLC purchased a new position in shares of IAMGOLD during the third quarter valued at approximately $29,000. Eastern Bank bought a new position in IAMGOLD in the 3rd quarter valued at $30,000. TIAA Trust National Association purchased a new stake in IAMGOLD in the second quarter worth $38,000. Cetera Advisors LLC bought a new stake in shares of IAMGOLD during the first quarter worth $50,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of IAMGOLD during the second quarter valued at $52,000. Institutional investors own 47.08% of the company's stock.
IAMGOLD Company Profile
(
Get Free ReportIAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
Featured Articles
Before you consider IAMGOLD, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IAMGOLD wasn't on the list.
While IAMGOLD currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
