IAMGOLD (NYSE:IAG) Sets New 12-Month High at $3.39

Shares of IAMGOLD Co. (NYSE:IAG) (TSE:IMG) reached a new 52-week high on Thursday . The stock traded as high as $3.39 and last traded at $3.38, with a volume of 5874570 shares traded. The stock had previously closed at $3.19.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Wednesday, January 3rd. StockNews.com cut IAMGOLD from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, CIBC raised their price objective on IAMGOLD from $3.00 to $3.10 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.31.

IAMGOLD Stock Up 4.5 %

The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.65 billion, a PE ratio of 16.76, a PEG ratio of 1.89 and a beta of 1.67. The company’s fifty day moving average is $2.70 and its 200-day moving average is $2.50.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, February 15th. The mining company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $297.60 million during the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. On average, analysts predict that IAMGOLD Co. will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. bought a new position in shares of IAMGOLD during the 1st quarter valued at approximately $31,000. Vident Advisory LLC purchased a new position in IAMGOLD during the fourth quarter worth $25,000. Raymond James Financial Services Advisors Inc. bought a new position in IAMGOLD during the fourth quarter valued at $26,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of IAMGOLD in the fourth quarter valued at $29,000. Finally, First Trust Advisors LP bought a new stake in shares of IAMGOLD in the 1st quarter worth about $40,000. 47.08% of the stock is owned by hedge funds and other institutional investors.

About 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.