17 hours Ago By ABMN Staff
IAMGOLD Co. ( NYSE:IAG – Get Free Report ) (TSE:IMG) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,540,000 shares, a growth of 5.
1% from the August 15th total of 4,320,000 shares. Based on an average daily trading volume, of 8,750,000 shares, the days-to-cover ratio is presently 0.5 days.
Approximately 0.8% of the shares of the company are short sold. Institutional Trading of IAMGOLD Institutional investors have recently added to or reduced their stakes in the stock.
Mackenzie Financial Corp increased its position in IAMGOLD by 133.8% in the second quarter. Mackenzie Financial Corp now owns 2,992,780 shares of the mining company’s stock worth $11,246,000 after buying an additional 1,712,640 shares during the period.
The Manufacturers Life Insurance Company lifted its stake in IAMGOLD by 21.4% in the second quarter. The Manufacturers Life Insurance Company now owns 453,726 shares of the mining company’s stock valued at $1,702,000 after acquiring an additional 79,955 shares during the last quarter.
Millennium Management LLC raised its holdings in IAMGOLD by 194.2% during the second quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company’s stock valued at $29,573,000 after buying an additional 5,204,715 shares in the last quarter.
Toronto Dominion Bank lifted its holdings in IAMGOLD by 512.0% in the 2nd quarter. Toronto Dominion Bank now owns 237,372 shares of the mining company’s stock worth $890,000 after purchasing an additional 198,585 shares during the last quarter.
Finally, Cubist Systematic Strategies LLC boosted its position in IAMGOLD by 1,002.6% during the second quarter. Cubist Systematic Strategies LLC now owns 424,452 shares of the mining company’s stock worth $1,592,000 after purchasing an additional 385,955 shares during the period.
47.08% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several equities analysts have recently weighed in on IAG shares.
CIBC lifted their target price on shares of IAMGOLD from $4.90 to $5.40 and gave the company a “neutral” rating in a report on Monday, August 12th.
Scotiabank upped their target price on IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a report on Monday, August 19th.
StockNews.com upgraded IAMGOLD from a “sell” rating to a “hold” rating in a report on Saturday, August 17th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $5.
00 price target on shares of IAMGOLD in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.
com, IAMGOLD currently has a consensus rating of “Hold” and a consensus target price of $4.73. IAMGOLD Trading Down 2.
0 % NYSE:IAG traded down $0.11 on Wednesday, reaching $5.29.
The stock had a trading volume of 8,008,690 shares, compared to its average volume of 9,034,589. The firm’s fifty day moving average is $4.57 and its two-hundred day moving average is $3.
98. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.
34 and a quick ratio of 0.90. The company has a market cap of $3.
01 billion, a price-to-earnings ratio of 19.27 and a beta of 1.58.
IAMGOLD has a 12-month low of $1.99 and a 12-month high of $5.57.
IAMGOLD ( NYSE:IAG – Get Free Report ) (TSE:IMG) last announced its quarterly earnings results on Thursday, August 8th. The mining company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
08 by $0.08. IAMGOLD had a net margin of 10.
36% and a return on equity of 6.70%. The company had revenue of $385.
30 million for the quarter. During the same quarter last year, the business earned ($0.01) EPS.
Equities analysts expect that IAMGOLD will post 0.41 EPS for the current fiscal year. About IAMGOLD ( Get Free Report ) 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. Featured Stories Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter .
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