National Bank Financial upped their price objective on shares of IAMGOLD Corp from C$7.75 to C$8.50 and gave the company an "outperform" rating in a report on Thursday, July 27th. Roth Capital set a $6.00 target price on shares of Pershing Gold Corporation and gave the stock a buy rating in a report on Monday, June 12th.
Van Eck Associates Corp reports that it lowered its stake in Iamgold Corporation Ordinary Sh stock by 29,452,814 shares in the last quarter. Finally, Scotiabank upgraded shares of Iamgold Corporation from an underperform rating to a sector perform rating in a report on Wednesday, May 10th. They now have a buy rating on the mining company's stock. RBC Capital Markets maintained IAMGOLD Corp (USA) (NYSE:IAG) on Monday, July 10 with "Hold" rating. The stock of IAMGOLD Corp (USA) (NYSE:IAG) has "Underperform" rating given on Wednesday, May 18 by Howard Weil.
IAMGOLD Corp (TSE:IMG) traded up 3.75% during trading on Thursday, hitting $6.92. The firm's market capitalization is $83.50 million. The stock has a 50 day moving average price of $6.63 and a 200-day moving average price of $5.98.
Iamgold Corporation (NYSE:IAG) (TSE:IMG) last issued its earnings results on Tuesday, May 9th. The mining company reported $0.01 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.01. Iamgold Corporation had a negative net margin of 1.80% and a positive return on equity of 1.63%. The business had revenue of $274.50 million during the quarter, compared to the consensus estimate of $267.07 million. Aegis Financial Corp now owns 219,652 shares of the basic materials company's stock valued at $624,000 after buying an additional 96,683 shares during the last quarter. On average, equities research analysts expect that Iamgold Corporation will post $0.04 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in IAG. As of the last earnings report the EPS was $1.10 and is estimated to be $0.04 for the current year with 464,600,000 shares now outstanding. World Asset Management Inc raised its position in Iamgold Corporation by 3.9% in the first quarter. Vanguard Group Inc. boosted its stake in Pershing Gold Corporation by 5.0% in the second quarter. Finally, Acadian Asset Management LLC acquired a new position in Iamgold Corporation during the second quarter valued at approximately $137,000. World Asset Management Inc now owns 27,537 shares of the mining company's stock worth $110,000 after buying an additional 1,040 shares in the last quarter. Vanguard Group Inc. now owns 9,492,363 shares of the mining company's stock worth $48,980,000 after buying an additional 838,766 shares during the last quarter. Corporate insiders own 39.84% of the company's stock.
IAMGOLD Corporation is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world.