IAMGOLD Co. (NYSE:IAG) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG have been given an average rating of "Moderate Buy" by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $6.57.

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Raymond James upgraded shares of IAMGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, CIBC upgraded shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research report on Monday, December 2nd.

Hedge Funds Weigh In On IAMGOLD

Several institutional investors have recently made changes to their positions in the business. Tobam purchased a new stake in IAMGOLD during the 4th quarter valued at approximately $25,000. Blue Trust Inc. boosted its stake in IAMGOLD by 157.1% during the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock worth $47,000 after buying an additional 5,511 shares during the period. Raab & Moskowitz Asset Management LLC purchased a new position in IAMGOLD during the fourth quarter worth $56,000. Atria Wealth Solutions Inc. bought a new stake in shares of IAMGOLD during the fourth quarter worth $68,000. Finally, Choreo LLC bought a new stake in shares of IAMGOLD during the fourth quarter worth $88,000. Institutional investors own 47.08% of the company's stock.

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IAMGOLD Stock Up 1.1 %

Shares of IAG stock traded up $0.07 on Tuesday, hitting $5.78. The stock had a trading volume of 10,524,306 shares, compared to its average volume of 12,277,194. The business has a 50 day moving average of $5.87 and a 200 day moving average of $5.49. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 3.98 and a beta of 1.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD has a 12-month low of $2.90 and a 12-month high of $6.69.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The company had revenue of $469.90 million for the quarter, compared to analysts' expectations of $498.68 million. IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. As a group, analysts expect that IAMGOLD will post 0.67 EPS for the current year.

About IAMGOLD

IAMGOLD 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.