Iamgold Corp. (IAG) Stock Price Up 8.2%
Iamgold Corp. (NYSE:IAG) rose 8.2% on Monday . The stock traded as high as $4.09 and last traded at $4.07, with a volume of 15,758,200 shares traded. The stock had previously closed at $3.76.
Several research firms recently commented on IAG. Credit Suisse Group AG upgraded shares of Iamgold Corp. from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock 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 boosted their price objective for the stock 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 research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Iamgold Corp. presently has an average rating of “Hold” and an average price target of $3.61.
The firm’s market cap is $1.65 billion. The company’s 50 day moving average is $4.73 and its 200-day moving average is $3.56.
Iamgold Corp. (NYSE:IAG) last posted its quarterly earnings data on Wednesday, August 3rd. The mining company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business earned $232.50 million during the quarter, compared to analysts’ expectations of $245.68 million. During the same period in the previous year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, 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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