2 weeks Ago By ABMN Staff
IAMGOLD Co. ( NYSE:IAG – Get Free Report ) (TSE:IMG)’s share price traded down 4% during mid-day trading on Friday . The company traded as low as $5.
29 and last traded at $5.30. 2,882,915 shares were traded during trading, a decline of 68% from the average session volume of 9,039,324 shares.
The stock had previously closed at $5.52. Analysts Set New Price Targets A number of research firms have commented on IAG.
StockNews.com upgraded shares of IAMGOLD from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. BMO Capital Markets restated an “outperform” rating and set a $5.
00 price target on shares of IAMGOLD in a research report on Thursday, June 6th. Scotiabank raised their price target on IAMGOLD from $4.75 to $5.
50 and gave the company a “sector perform” rating in a report on Monday, August 19th. Finally, CIBC boosted their price objective on IAMGOLD from $4.90 to $5.
40 and gave the stock a “neutral” rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.
com, the stock presently has a consensus rating of “Hold” and an average target price of $4.73. Read Our Latest Research Report on IAG IAMGOLD Trading Down 4.
3 % IAMGOLD ( NYSE:IAG – Get Free Report ) (TSE:IMG) last released its earnings results on Thursday, August 8th. The mining company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
08 by $0.08. The company had revenue of $385.
30 million during the quarter. IAMGOLD had a return on equity of 6.70% and a net margin of 10.
36%. During the same quarter in the previous year, the firm earned ($0.01) EPS.
Equities analysts anticipate that IAMGOLD Co. will post 0.45 earnings per share for the current fiscal year.
Institutional Inflows and Outflows A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its stake in shares of IAMGOLD by 1,034.3% during the first quarter.
Virtu Financial LLC now owns 339,792 shares of the mining company’s stock worth $1,132,000 after buying an additional 309,836 shares during the last quarter. Norges Bank acquired a new position in shares of IAMGOLD in the 4th quarter valued at $8,642,000. P Schoenfeld Asset Management LP boosted its position in shares of IAMGOLD by 11.
1% in the 4th quarter. P Schoenfeld Asset Management LP now owns 8,234,284 shares of the mining company’s stock worth $20,833,000 after purchasing an additional 822,149 shares during the last quarter. Helikon Investments Ltd grew its stake in shares of IAMGOLD by 250.
5% during the first quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company’s stock worth $109,429,000 after purchasing an additional 23,485,183 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of IAMGOLD during the first quarter worth $389,000.
47.08% of the stock is currently owned by institutional investors and hedge funds. 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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