Shares of Iamgold Corp (NYSE:IAG) (TSE:IMG) rose 6.3% on Thursday . The company traded as high as $3.89 and last traded at $3.86, approximately 9,501,014 shares traded hands during trading. An increase of 72% from the average daily volume of 5,520,833 shares. The stock had previously closed at $3.63.
IAG has been the topic of a number of research analyst reports. Canaccord Genuity reiterated a “hold” rating on shares of Iamgold in a report on Friday, July 19th. GMP Securities cut Iamgold from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Royal Bank of Canada dropped their target price on Iamgold from $5.00 to $3.25 and set a “sector perform” rating for the company in a report on Tuesday, May 21st. Raymond James reissued a “market perform” rating and issued a $4.00 target price on shares of Iamgold in a report on Wednesday, May 8th. Finally, Zacks Investment Research raised Iamgold from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 26th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Iamgold has an average rating of “Hold” and an average target price of $4.18.
The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 62.17, a P/E/G ratio of 30.25 and a beta of 0.05. The stock has a 50-day moving average of $3.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.18 and a quick ratio of 3.11.
Iamgold Company Profile (NYSE:IAG)
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.
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