IAMGOLD (NYSE:IAG) (TSE:IMG) was upgraded by equities research analysts at Royal Bank of Canada to an “outperform” rating in a report issued on Thursday, Stock Target Advisor reports.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of IAMGOLD from a “hold” rating to a “sell” rating in a research note on Thursday, January 7th. Credit Suisse Group reaffirmed a “neutral” rating and set a $4.75 price objective on shares of IAMGOLD in a report on Thursday, November 5th. CSFB set a $4.75 target price on IAMGOLD and gave the stock a “neutral” rating in a report on Thursday, November 5th. National Bank Financial reaffirmed an “outperform” rating on shares of IAMGOLD in a report on Monday. Finally, Raymond James cut their price objective on IAMGOLD from $6.50 to $6.00 and set a “market perform” rating for the company in a research report on Monday, November 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. IAMGOLD presently has a consensus rating of “Hold” and an average target price of $12.31.

Shares of NYSE:IAG opened at $3.40 on Thursday. IAMGOLD has a 1 year low of $1.44 and a 1 year high of $5.35. The firm has a fifty day moving average price of $3.57 and a 200 day moving average price of $3.97. The company has a current ratio of 4.43, a quick ratio of 3.34 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.62 billion, a PE ratio of -4.25, a P/E/G ratio of 2.08 and a beta of 0.81.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Wednesday, November 4th. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. IAMGOLD had a negative net margin of 31.53% and a positive return on equity of 2.79%. The business had revenue of $335.10 million during the quarter, compared to the consensus estimate of $344.16 million. IAMGOLD’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts forecast that IAMGOLD will post 0.26 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new position in shares of IAMGOLD in the third quarter worth $47,000. Brookstone Capital Management raised its position in IAMGOLD by 30.8% in the fourth quarter. Brookstone Capital Management now owns 15,933 shares of the mining company’s stock valued at $58,000 after purchasing an additional 3,749 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of IAMGOLD during the third quarter worth about $82,000. Two Sigma Securities LLC bought a new stake in IAMGOLD during the 3rd quarter worth approximately $88,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of IAMGOLD by 100.0% during the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 29,000 shares of the mining company’s stock worth $111,000 after purchasing an additional 14,500 shares during the period. 51.40% of the stock is currently owned by institutional investors and hedge funds.

About IAMGOLD

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada. Its exploration and development projects include the Boto gold project in Senegal; the Diakha-Siribaya gold project in Mali; the Pitangui project in Brazil; the Côté gold project in Ontario; Eastern Borosi in Nicaragua; and the Karita gold project in Guinea, as well as holds interest in the Loma Larga, a gold, silver, and copper project in southern Ecuador.

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