Shares of IAMGOLD Co. (NYSE:IAG – Get Rating) (TSE:IMG) saw unusually-high trading volume on Thursday . Approximately 130,911 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 4,366,375 shares.The stock last traded at $1.18 and had previously closed at $1.16.
Wall Street Analysts Forecast Growth
IAG has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on IAMGOLD from $2.75 to $2.00 and set a “market perform” rating for the company in a research report on Thursday, August 4th. StockNews.com lowered IAMGOLD from a “hold” rating to a “sell” rating in a research report on Monday, August 8th. Finally, National Bank Financial decreased their target price on IAMGOLD from C$3.25 to C$2.25 in a research report on Thursday, July 21st. Seven investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $2.91.
IAMGOLD Price Performance
The business has a 50 day moving average price of $1.35 and a two-hundred day moving average price of $2.17. The stock has a market cap of $538.88 million, a PE ratio of -2.08, a P/E/G ratio of 37.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.13 and a current ratio of 1.77.
Hedge Funds Weigh In On IAMGOLD
IAMGOLD Company Profile
IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.
- Get a free copy of the StockNews.com research report on IAMGOLD (IAG)
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