Desjardins reiterated their hold rating on shares of Iamgold (NYSE:IAG) (TSE:IMG) in a research report sent to investors on Friday morning. Desjardins also issued estimates for Iamgold’s Q4 2018 earnings at $0.00 EPS and FY2018 earnings at $0.10 EPS.

Other equities analysts have also issued reports about the company. TD Securities reaffirmed a buy rating on shares of Iamgold in a report on Thursday, November 8th. Canaccord Genuity reaffirmed a buy rating on shares of Iamgold in a report on Sunday, October 21st. BMO Capital Markets reaffirmed a buy rating and set a $7.00 target price on shares of Iamgold in a report on Friday, September 21st. National Bank Financial reaffirmed a buy rating on shares of Iamgold in a report on Monday, November 12th. Finally, TheStreet lowered Iamgold from a b rating to a c- rating in a report on Friday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Iamgold presently has a consensus rating of Hold and a consensus target price of $6.68.

NYSE:IAG opened at $3.21 on Friday. The company has a market cap of $1.50 billion, a PE ratio of 53.50, a P/E/G ratio of 9.55 and a beta of -0.19. Iamgold has a 52 week low of $2.75 and a 52 week high of $6.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.31 and a quick ratio of 3.40.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its earnings results on Tuesday, November 6th. The mining company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $244.80 million during the quarter, compared to analyst estimates of $266.17 million. Iamgold had a positive return on equity of 1.14% and a negative net margin of 0.98%. The business’s revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share. Equities research analysts anticipate that Iamgold will post 0.11 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of IAG. Sigma Planning Corp acquired a new position in shares of Iamgold during the second quarter worth approximately $111,000. HRT Financial LLC acquired a new position in shares of Iamgold during the third quarter worth approximately $154,000. Sowell Financial Services LLC acquired a new position in shares of Iamgold during the third quarter worth approximately $184,000. Tower Research Capital LLC TRC boosted its position in shares of Iamgold by 82.1% during the third quarter. Tower Research Capital LLC TRC now owns 64,118 shares of the mining company’s stock worth $237,000 after buying an additional 28,902 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Iamgold by 201.3% during the first quarter. LPL Financial LLC now owns 64,503 shares of the mining company’s stock worth $335,000 after buying an additional 43,098 shares during the period. Institutional investors and hedge funds own 57.66% of the company’s stock.

About Iamgold

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Analyst Recommendations for Iamgold (NYSE:IAG)

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