Iamgold Corp. (NYSE:IAG) shares traded down 3.1% during mid-day trading on Friday . The company traded as low as $5.40 and last traded at $5.57, with a volume of 6,886,206 shares traded. The stock had previously closed at $5.75.

A number of research analysts have issued reports on the stock. Macquarie upgraded shares of Iamgold Corp. from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 5th. Credit Suisse Group AG upgraded shares of Iamgold Corp. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $3.00 to $5.25 in a research report on Thursday, June 30th. Zacks Investment Research lowered shares of Iamgold Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Royal Bank Of Canada increased their target price on shares of Iamgold Corp. from $2.25 to $2.75 in a research report on Tuesday, April 12th. Finally, Howard Weil downgraded shares of Iamgold Corp. from a “sector perform” rating to an “underperform” rating in a report on Wednesday, May 18th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Iamgold Corp. currently has a consensus rating of “Hold” and a consensus price target of $2.79.

The firm’s market capitalization is $2.25 billion. The stock’s 50-day moving average is $4.65 and its 200-day moving average is $3.17.

Iamgold Corp. (NYSE:IAG) last posted its earnings results on Wednesday, August 3rd. The mining company reported $0.01 earnings per share for the quarter, topping the 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 quarter in the previous year, the business earned ($0.08) EPS. Iamgold Corp.’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast that Iamgold Corp. will post $0.02 EPS for the current fiscal year.

A hedge fund recently raised its stake in Iamgold Corp. stock. Russell Frank Co raised its stake in Iamgold Corp. (NYSE:IAG) by 285.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,062,467 shares of the mining company’s stock after buying an additional 786,546 shares during the period. Russell Frank Co owned 0.27% of Iamgold Corp. worth $1,545,000 at the end of the most recent reporting period.

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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