IAMGOLD (NYSE:IAG) Price Target Cut to C$5.00 by Analysts at TD Securities

IAMGOLD (NYSE:IAG) (TSE:IMG) had its price objective trimmed by TD Securities from C$6.00 to C$5.00 in a research note published on Friday, The Fly reports.

Several other research analysts also recently weighed in on IAG. Raymond James lowered their price objective on shares of IAMGOLD from $3.25 to $3.00 and set a market perform rating on the stock in a report on Thursday. Zacks Investment Research upgraded shares of IAMGOLD from a strong sell rating to a hold rating in a report on Tuesday. Stifel Nicolaus reduced their price target on shares of IAMGOLD from C$4.50 to C$4.00 and set a hold rating for the company in a research report on Monday, October 25th. National Bank Financial increased their price target on shares of IAMGOLD from C$4.50 to C$4.75 in a research report on Friday, January 7th. Finally, increased their price target on shares of IAMGOLD from C$3.75 to C$4.00 and gave the company a hold rating in a research report on Tuesday, November 16th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $3.75.

IAG opened at $2.62 on Friday. IAMGOLD has a fifty-two week low of $2.16 and a fifty-two week high of $3.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.01 and a quick ratio of 1.45. The company’s 50 day moving average price is $3.05 and its two-hundred day moving average price is $2.74.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Wednesday, November 3rd. The mining company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). IAMGOLD had a net margin of 0.23% and a return on equity of 0.06%. The firm had revenue of $294.10 million during the quarter. During the same quarter in the prior year, the company posted $0.11 earnings per share. Equities research analysts predict that IAMGOLD will post -0.07 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC boosted its holdings in IAMGOLD by 228.0% in the third quarter. Cetera Advisor Networks LLC now owns 41,000 shares of the mining company’s stock valued at $93,000 after acquiring an additional 28,500 shares in the last quarter. Two Sigma Securities LLC raised its position in shares of IAMGOLD by 30.2% in the 3rd quarter. Two Sigma Securities LLC now owns 60,966 shares of the mining company’s stock worth $138,000 after purchasing an additional 14,134 shares during the last quarter. LPL Financial LLC raised its position in shares of IAMGOLD by 47.1% in the 3rd quarter. LPL Financial LLC now owns 28,206 shares of the mining company’s stock worth $64,000 after purchasing an additional 9,025 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of IAMGOLD in the 3rd quarter worth about $227,000. Finally, Guggenheim Capital LLC raised its position in shares of IAMGOLD by 11.0% in the 3rd quarter. Guggenheim Capital LLC now owns 656,807 shares of the mining company’s stock worth $1,484,000 after purchasing an additional 65,272 shares during the last quarter. Institutional investors and hedge funds own 40.96% of the company’s stock.

About IAMGOLD

IAMGOLD Corp. engages in the exploration, development and production of gold and mineral resource properties. It owns and operates the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario. The firm also operates the Rosebel mine in Suriname, the Essakane mine in Burkina Faso, the Saramacca project, an exploration project located in Suriname, the Boto project, an exploration project located in Senegal.

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