Iamgold Corp. (IAG) Trading Down 0.6%
Shares of Iamgold Corp. (NYSE:IAG) were down 0.6% during trading on Monday . The company traded as low as $4.96 and last traded at $4.97, with a volume of 11,385,431 shares traded. The stock had previously closed at $5.00.
A number of analysts recently commented on IAG shares. Paradigm Capital upgraded Iamgold Corp. from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Credit Suisse Group AG upgraded Iamgold Corp. from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $3.00 to $5.25 in a research report on Thursday, June 30th. Zacks Investment Research upgraded Iamgold Corp. from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Wednesday, April 20th. Royal Bank Of Canada upgraded Iamgold Corp. from an “underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $5.50 to $6.50 in a research report on Monday, August 8th. Finally, Scotiabank upgraded Iamgold Corp. from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, July 13th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Iamgold Corp. presently has an average rating of “Hold” and an average target price of $3.46.
The stock’s market cap is $1.92 billion. The company’s 50 day moving average is $4.86 and its 200-day moving average is $3.38.
Iamgold Corp. (NYSE:IAG) last announced its quarterly earnings data 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 had revenue of $232.50 million for the quarter, compared to the consensus estimate of $245.68 million. Iamgold Corp.’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share. On average, equities analysts expect 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.