Iamgold Corporation (NYSE:IAG) Cut to "Hold" at Zacks Investment Research

Paterniano Del Favero
Agosto 13, 2017

IAMGOLD Corp (TSE:IMG) (NYSE:IAG) had its target price upped by TD Securities from C$8.50 to C$9.00 in a report published on Thursday.

Shares of IAMGOLD Corp (TSE:IMG) (NYSE:IAG) have been given a consensus recommendation of "Hold" by the seven analysts that are now covering the stock, Marketbeat reports. Bank of America Corporation upgraded shares of Iamgold Corporation from an underperform rating to a neutral rating in a research report on Tuesday, May 23rd. Iamgold Corporation presently has a consensus rating of "Hold" and an average target price of $5.88. Finally, Scotiabank upgraded shares of Iamgold Corporation from an underperform rating to a sector perform rating in a report on Wednesday, May 10th.

Among 14 analysts covering Iamgold Corp (NYSE:IAG), 4 have Buy rating, 3 Sell and 7 Hold. RBC Capital Markets maintained IAMGOLD Corp (USA) (NYSE:IAG) on Monday, July 10 with "Hold" rating.

The stock of Iamgold Corporation (NYSE:IAG) registered a decrease of 12.4% in short interest. The company had a trading volume of 4,779,433 shares. Pershing Gold Corporation has a 12 month low of $2.60 and a 12 month high of $4.90. The stock's 50-day moving average is $2.90 and its 200 day moving average is $2.93. The company has a market capitalization of $3.22 billion and a price-to-earnings ratio of 6.31.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last issued its earnings results on Wednesday, August 9th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $274.50 million during the quarter, compared to the consensus estimate of $267.07 million. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. During the same quarter past year, the business earned $0.01 earnings per share. Cambridge Investment Research Advisors Inc. now owns 450,624 shares of the basic materials company's stock valued at $1,257,000 after buying an additional 133,640 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of USA and global copyright laws. The original version of this piece of content can be read at https://baseballnewssource.com/markets/iamgold-corporation-iag-stock-rating-reaffirmed-by-royal-bank-of-canada-updated-updated-updated/1220671.html.

In the last ninety days, insiders have bought 25,911 shares of company stock worth $72,078. Aegis Financial Corp increased its stake in Pershing Gold Corporation by 78.6% in the first quarter. Renaissance Technologies LLC now owns 18,851,800 shares of the mining company's stock worth $97,275,000 after buying an additional 873,700 shares during the last quarter. Hedge funds and other institutional investors own 57.95% of the company's stock. Sprott Inc. acquired a new position in Iamgold Corporation during the second quarter worth approximately $114,000. Finally, Spark Investment Management LLC increased its stake in Pershing Gold Corporation by 100.0% in the first quarter. Vanguard Group Inc. now owns 614,718 shares of the basic materials company's stock valued at $1,715,000 after buying an additional 29,018 shares during the last quarter. Spark Investment Management LLC now owns 110,000 shares of the basic materials company's stock worth $312,000 after buying an additional 55,000 shares during the period.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE