A number of research firms have changed their ratings and price targets for IAMGOLD (NYSE: IAG):
- 4/26/2024 – IAMGOLD was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 4/18/2024 – IAMGOLD was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 4/18/2024 – IAMGOLD had its price target raised by analysts at Scotiabank from $3.25 to $3.75. They now have a “sector perform” rating on the stock.
- 4/10/2024 – IAMGOLD was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 4/8/2024 – IAMGOLD had its “sector perform spec overwgt” rating reaffirmed by analysts at National Bank Financial.
- 4/5/2024 – IAMGOLD had its price target raised by analysts at BMO Capital Markets from $4.00 to $4.25. They now have an “outperform” rating on the stock.
IAMGOLD Stock Up 0.5 %
NYSE IAG traded up $0.02 on Monday, hitting $3.80. The stock had a trading volume of 6,492,323 shares, compared to its average volume of 8,988,574. The business’s fifty day moving average price is $3.21 and its 200 day moving average price is $2.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. IAMGOLD Co. has a 52-week low of $1.99 and a 52-week high of $3.92. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.68 and a beta of 1.69.
IAMGOLD (NYSE:IAG – Get Free Report) (TSE:IMG) last announced its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $297.60 million for the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. Equities research analysts anticipate that IAMGOLD Co. will post 0.14 earnings per share for the current year.
Institutional Investors Weigh In On IAMGOLD
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.
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