IAMGOLD (NYSE:IAG) Hits New 52-Week High at $5.58

IAMGOLD Co. (NYSE:IAG - Get Free Report) TSE: IMG's stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $5.58 and last traded at $5.50, with a volume of 2361195 shares changing hands. The stock had previously closed at $5.47.

Analyst Ratings Changes

IAG has been the topic of several research analyst reports. StockNews.com raised shares of IAMGOLD from a "sell" rating to a "hold" rating in a report on Saturday, August 17th. Scotiabank upped their target price on IAMGOLD from $4.75 to $5.50 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. CIBC lifted their price target on IAMGOLD from $4.90 to $5.40 and gave the company a "neutral" rating in a research report on Monday, August 12th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $5.00 price objective on shares of IAMGOLD in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.73.

IAMGOLD Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.34 and a quick ratio of 0.90. The company has a 50 day simple moving average of $4.72 and a 200-day simple moving average of $4.07. The firm has a market cap of $3.13 billion, a PE ratio of 19.66 and a beta of 1.58.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last announced its quarterly earnings data on Thursday, August 8th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.08. The company had revenue of $385.30 million during the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 6.70%. During the same period last year, the company posted ($0.01) EPS. As a group, equities research analysts anticipate that IAMGOLD Co. will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of IAMGOLD by 8.2% in the first quarter. Van ECK Associates Corp now owns 52,053,035 shares of the mining company's stock worth $173,340,000 after buying an additional 3,935,250 shares during the period. Donald Smith & CO. Inc. increased its position in shares of IAMGOLD by 0.8% in the first quarter. Donald Smith & CO. Inc. now owns 36,077,268 shares of the mining company's stock valued at $120,137,000 after acquiring an additional 298,959 shares during the period. Helikon Investments Ltd raised its stake in shares of IAMGOLD by 250.5% during the first quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company's stock valued at $109,429,000 after acquiring an additional 23,485,183 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of IAMGOLD by 1.0% during the first quarter. Vanguard Group Inc. now owns 17,678,843 shares of the mining company's stock worth $58,871,000 after purchasing an additional 168,302 shares during the period. Finally, Polunin Capital Partners Ltd grew its stake in shares of IAMGOLD by 12.1% in the first quarter. Polunin Capital Partners Ltd now owns 8,995,059 shares of the mining company's stock worth $29,954,000 after purchasing an additional 968,104 shares during the last quarter. Hedge funds and other institutional investors own 47.08% of the company's stock.

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.