IAMGOLD Corp (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial issued their FY2017 earnings per share (EPS) estimates for IAMGOLD in a research report issued to clients and investors on Tuesday. National Bank Financial analyst M. Parkin forecasts that the mining company will earn $0.14 per share for the year. National Bank Financial also issued estimates for IAMGOLD’s FY2018 earnings at $0.21 EPS, FY2019 earnings at $0.22 EPS and FY2020 earnings at $0.26 EPS.
A number of other brokerages also recently weighed in on IAG. Royal Bank of Canada set a $7.00 target price on shares of IAMGOLD and gave the stock a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of IAMGOLD from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a research note on Monday, October 23rd. TheStreet downgraded shares of IAMGOLD from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. BMO Capital Markets downgraded shares of IAMGOLD to a “hold” rating in a research note on Friday. Finally, CIBC set a $7.50 price target on shares of IAMGOLD and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. IAMGOLD currently has an average rating of “Hold” and a consensus price target of $7.07.
IAMGOLD (NYSE:IAG) opened at $5.88 on Friday. IAMGOLD has a 12 month low of $3.36 and a 12 month high of $7.25. The firm has a market cap of $2,874.47, a PE ratio of 5.35, a price-to-earnings-growth ratio of 24.48 and a beta of -0.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.78 and a quick ratio of 3.85.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC raised its stake in shares of IAMGOLD by 41.5% during the fourth quarter. Two Sigma Securities LLC now owns 50,760 shares of the mining company’s stock worth $296,000 after buying an additional 14,895 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of IAMGOLD by 13.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,873,597 shares of the mining company’s stock worth $10,938,000 after buying an additional 228,586 shares during the last quarter. QS Investors LLC raised its stake in shares of IAMGOLD by 1,465.8% during the fourth quarter. QS Investors LLC now owns 661,335 shares of the mining company’s stock worth $3,856,000 after buying an additional 619,100 shares during the last quarter. BlueCrest Capital Management Ltd raised its stake in shares of IAMGOLD by 21.1% during the fourth quarter. BlueCrest Capital Management Ltd now owns 550,000 shares of the mining company’s stock worth $3,207,000 after buying an additional 95,947 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in IAMGOLD by 13.9% during the fourth quarter. Renaissance Technologies LLC now owns 27,774,896 shares of the mining company’s stock valued at $161,930,000 after purchasing an additional 3,382,000 shares during the period. 55.30% of the stock is owned by institutional investors and hedge funds.
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IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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