IAMGOLD (NYSE:IAG – Free Report) (TSE:IMG) had its price target increased by Scotiabank from $3.25 to $3.75 in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a sector perform rating on the mining company’s stock.
IAG has been the topic of a number of other reports. StockNews.com downgraded shares of IAMGOLD from a hold rating to a sell rating in a research report on Thursday. National Bank Financial reissued a sector perform spec overwgt rating on shares of IAMGOLD in a research report on Monday, April 8th. BMO Capital Markets upped their target price on shares of IAMGOLD from $4.00 to $4.25 and gave the stock an outperform rating in a research report on Friday, April 5th. Finally, CIBC upped their target price on shares of IAMGOLD from $3.00 to $3.10 and gave the stock a neutral rating in a research report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $3.55.
Check Out Our Latest Stock Analysis on IAMGOLD
IAMGOLD Stock Down 0.5 %
IAMGOLD (NYSE:IAG – Get Free Report) (TSE:IMG) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $297.60 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. Research analysts anticipate that IAMGOLD will post 0.07 EPS for the current year.
Hedge Funds Weigh In On IAMGOLD
Hedge funds have recently bought and sold shares of the company. Intact Investment Management Inc. bought a new position in IAMGOLD in the 3rd quarter worth about $916,000. Sprott Inc. boosted its stake in IAMGOLD by 888.7% in the 3rd quarter. Sprott Inc. now owns 1,279,400 shares of the mining company’s stock worth $2,751,000 after purchasing an additional 1,150,000 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in IAMGOLD by 54.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 976,698 shares of the mining company’s stock worth $2,100,000 after purchasing an additional 344,691 shares in the last quarter. Euro Pacific Asset Management LLC boosted its stake in IAMGOLD by 48.1% in the 4th quarter. Euro Pacific Asset Management LLC now owns 2,727,065 shares of the mining company’s stock worth $6,898,000 after purchasing an additional 885,697 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in IAMGOLD by 0.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 987,468 shares of the mining company’s stock worth $2,140,000 after purchasing an additional 8,485 shares in the last quarter. Institutional investors own 47.08% of the company’s stock.
IAMGOLD Company Profile
IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.
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