22 August, 2017
The forecast of 5 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Iamgold Corporation has a consensus rating of "Hold" and an average price target of $5.88.
Dugout more deeply and try to find that, does IAG earnings expected to grow/drop in the future? for this we can take help from price to earnings growth ratio that is 1.78, it is determining a stock's value while taking into account the earnings' growth. The stock now has Monthly Volatility of 4.89% and Weekly Volatility of 4.27%. Royal Bank Of Canada reaffirmed a "hold" rating on shares of Iamgold Corporation in a research report on Wednesday, July 12th. Analyst rating score as outlined on Finviz rated on a 1 to 5 scale. TheStreet raised Iamgold Corporation from a "c-" rating to a "b" rating in a research report on Thursday, August 17th. Sun Valley Gold Llc acquired 1.02 million shares as Iamgold Corp (IAG)'s stock declined 1.76%. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 9.62% where SMA50 and SMA200 are 12.55% and 33.44% respectively.
The stock last traded at $5.70 a great deal higher than $5.25, the 50 day moving average and much higher than the 200 day moving average of $4.58. The stock has a market cap of $2.72 billion, a P/E ratio of 5.337 and a beta of -0.31. IAMGOLD Corp (USA) (NYSE:IAG) has risen 21.20% since August 21, 2016 and is uptrending. Net profit margin of the company was recorded at 46.8 percent, operating profit margin was 53.3 percent, whereas gross profit margin stands at 13.3 percent. The firm had revenue of $274.50 million during the quarter, compared to the consensus estimate of $267.07 million.
For passive investors (long-term) earning per shares and its growth is most valuable indicator for investment, as IAG has EPS growth of 106.10% for this year. The company's revenue was up 18.1% on a year-over-year basis. On average, equities research analysts expect that Iamgold Corporation will post $0.03 EPS for the current year. If you are viewing this story on another site, it was illegally stolen and reposted in violation of worldwide copyright and trademark legislation. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark laws. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/tocqueville-asset-management-l-p-has-35-35-million-position-in-iamgold-corporation-iag/1526724.html.
Other hedge funds have also recently made changes to their positions in the company. The institutional investor owned 6,850,300 shares of the mining company's stock after buying an additional 4,437,200 shares during the period. Can boosted its position in Iamgold Corporation by 0.6% in the second quarter. Quantbot Technologies LP bought a new stake in Iamgold Corporation during the second quarter valued at about $131,000.
Iamgold Corporation had its "neutral" rating reiterated by analysts at Bank of America Merrill Lynch. Toronto Dominion Bank owns 8,100 shares with a value of $42,000.
Sun Valley Gold Llc increased Iamgold Corp (IAG) stake by 201.88% reported in 2016Q4 SEC filing. The firm owned 26,540 shares of the mining company's stock after selling 997 shares during the period.
IAMGOLD Corporation is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world.
