Investor's Watch: Iamgold Corp (IAG)

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Zacks Investment Research upgraded shares of Iamgold Corporation from a "hold" rating to a "strong-buy" rating and set a $5.75 price target on the stock in a report on Wednesday, June 21st.

11/08/2016 - Iamgold Corporation was upgraded to "buy" by analysts at TD Securities. ValuEngine raised Iamgold Corporation from a "sell" rating to a "hold" rating in a research note on Thursday, August 17th.

Iamgold Corporation was upgraded to "outperform" by analysts at BMO Capital Markets. As of quarter end Vanguard Group Inc had bought a total of 24,200 shares growing its stake by 92.4%. Previously Iamgold Corp (NYSE:IAG) reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01 by $0 with surprise factor of 0%. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.7. The stock now has an average rating of Buy and a consensus target price of C$8.25. (IAG) now has a value of $6.88 while the company's 52 week low is at $3.14, the shares dropped to the 52 week low on 10/07/16. The stock's 50-day moving average is $4.45 and its 200-day moving average is $4.18.

Shares of Iamgold Corporation (NYSE:IAG) traded down 1.02% during mid-day trading on Friday, hitting $4.83.

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The P/E ratio is now 6.24 and the market cap is 3.18B. The firm now has a buy rating on the mining company's stock. On average, analysts forecast that Iamgold Corporation will post $0.06 earnings per share for the current fiscal year. The value of the company's investment in Iamgold Corporation Ordinary Sh went from $35,000 to $42,000 a change of 20.0% quarter to quarter.

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Iamgold Corp (NYSE:IAG) high price target of $9.5 and with a conservative view have low price target of $5.5. Acadian Asset Management LLC purchased a new position in shares of Iamgold Corporation during the 2nd quarter valued at $137,000. Swiss National Bank now owns 751,300 shares of the mining company's stock valued at $3,005,000 after buying an additional 10,400 shares during the period. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The firm's quarterly revenue was up 18.1% compared to the same quarter past year. If you are viewing this article on another domain, it was illegally copied and republished in violation of global copyright legislation. The legal version of this piece can be accessed at https://www.truebluetribune.com/2017/09/13/iamgold-corporations-iag-hold-rating-reaffirmed-at-royal-bank-of-canada.html. For the current year the company's revenue estimates are $1.08 Billion compared to low analyst estimates of $1.02 Billion and high estimates of $1.13 Billion according to the prediction of 13 analysts. Morgan Stanley now owns 2,237,001 shares of the mining company's stock valued at $8,949,000 after acquiring an additional 1,501,873 shares during the period.

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

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