Iamgold Corp. (IAG) Stock Price Up 2.8%
Iamgold Corp. (NYSE:IAG)’s share price rose 2.8% during trading on Monday . The stock traded as high as $4.03 and last traded at $4.01, with a volume of 8,934,660 shares traded. The stock had previously closed at $3.90.
IAG has been the subject of several research analyst reports. Paradigm Capital raised shares of Iamgold Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Zacks Investment Research lowered shares of Iamgold Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Credit Suisse Group AG reissued a “hold” rating on shares of Iamgold Corp. in a research report on Wednesday, June 15th. Canaccord Genuity reissued a “hold” rating on shares of Iamgold Corp. in a research report on Wednesday, June 15th. Finally, Macquarie raised shares of Iamgold Corp. from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $3.46.
The company’s 50-day moving average price is $4.84 and its 200-day moving average price is $3.51. The company’s market cap is $1.62 billion.
Iamgold Corp. (NYSE:IAG) last posted its quarterly earnings results on Wednesday, August 3rd. The mining company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $232.50 million for the quarter, compared to analyst estimates of $245.68 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict that Iamgold Corp. will post $0.04 earnings per share for the current fiscal year.
IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.
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