Iamgold Corp. (IAG) Stock Price Up 2.8%
Shares of Iamgold Corp. (NYSE:IAG) rose 2.8% during trading on Monday . The company traded as high as $4.03 and last traded at $4.01, with a volume of 8,934,660 shares trading hands. The stock had previously closed at $3.90.
IAG has been the subject of a number of recent analyst reports. Credit Suisse Group AG upgraded shares of Iamgold Corp. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $3.00 to $5.25 in a research note on Thursday, June 30th. Paradigm Capital upgraded shares of Iamgold Corp. from a “hold” rating to a “buy” rating in a research note on Monday, July 18th. Royal Bank Of Canada upgraded shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $5.50 to $6.50 in a research note on Monday, August 8th. Scotiabank upgraded shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, July 13th. Finally, CIBC upgraded shares of Iamgold Corp. from a “sector underperform” rating to a “sector perform” rating in a research note on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $3.46.
The firm’s market cap is $1.51 billion. The company has a 50-day moving average price of $4.79 and a 200-day moving average price of $3.56.
Iamgold Corp. (NYSE:IAG) last posted its quarterly earnings data on Wednesday, August 3rd. The mining company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $232.50 million for the quarter, compared to analysts’ expectations of $245.68 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. Iamgold Corp.’s revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Iamgold Corp. will post $0.04 EPS for the current 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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