Iamgold Corp. (IAG) Sees Large Volume Increase
Iamgold Corp. (NYSE:IAG) saw unusually-strong trading volume on Tuesday . Approximately 16,520,106 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 11,525,119 shares.The stock last traded at $5.13 and had previously closed at $5.68.
A number of research analysts have weighed in on the stock. Canaccord Genuity reiterated a “hold” rating on shares of Iamgold Corp. in a research report on Wednesday, June 15th. Paradigm Capital upgraded shares of Iamgold Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. CIBC upgraded shares of Iamgold Corp. from a “sector underperform” rating to a “sector perform” rating in a research report on Monday, June 27th. Credit Suisse Group AG reiterated a “sell” rating and issued a $2.00 price objective on shares of Iamgold Corp. in a report on Thursday, May 5th. Finally, Scotiabank raised shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.46.
The stock’s market cap is $2.10 billion. The firm’s 50 day moving average price is $4.77 and its 200 day moving average price is $3.27.
Iamgold Corp. (NYSE:IAG) last posted its quarterly earnings data on Wednesday, August 3rd. The mining company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm earned $232.50 million during the quarter, compared to analyst estimates of $245.68 million. During the same period in the prior year, the firm earned ($0.08) EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Iamgold Corp. will post $0.05 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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