IAMGOLD (NYSE:IAG – Get Rating) (TSE:IMG) had its target price dropped by BMO Capital Markets from $1.50 to $1.25 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "market perform" rating on the mining company's stock. BMO Capital Markets' price objective points to a potential downside of 0.79% from the stock's current price.

Other equities analysts also recently issued reports about the stock. StockNews.com started coverage on shares of IAMGOLD in a research note on Wednesday, October 12th. They set a "sell" rating for the company. Bank of America upgraded shares of IAMGOLD from an "underperform" rating to a "buy" rating and cut their target price for the company from $2.10 to $1.65 in a research note on Wednesday. Finally, National Bank Financial raised their target price on shares of IAMGOLD from C$2.10 to C$2.25 in a research note on Wednesday. Seven analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $2.68.

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IAMGOLD Stock Performance

IAMGOLD stock opened at $1.26 on Wednesday. The firm has a 50-day moving average of $1.20 and a 200-day moving average of $1.84. IAMGOLD has a one year low of $0.92 and a one year high of $3.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.13. The company has a market cap of $603.54 million, a price-to-earnings ratio of -2.33 and a beta of 1.30.

IAMGOLD (NYSE:IAG – Get Rating) (TSE:IMG) last posted its quarterly earnings data on Wednesday, August 3rd. The mining company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). IAMGOLD had a positive return on equity of 1.84% and a negative net margin of 19.95%. The business had revenue of $334.00 million for the quarter. On average, equities analysts expect that IAMGOLD will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IAG. Sun Valley Gold LLC bought a new position in shares of IAMGOLD during the first quarter worth approximately $17,891,000. Russell Investments Group Ltd. increased its holdings in shares of IAMGOLD by 153.4% during the second quarter. Russell Investments Group Ltd. now owns 7,159,076 shares of the mining company's stock worth $11,524,000 after purchasing an additional 4,333,539 shares during the period. Kopernik Global Investors LLC increased its holdings in shares of IAMGOLD by 35.7% during the first quarter. Kopernik Global Investors LLC now owns 10,512,493 shares of the mining company's stock worth $36,583,000 after purchasing an additional 2,767,673 shares during the period. P Schoenfeld Asset Management LP increased its holdings in shares of IAMGOLD by 19.8% during the first quarter. P Schoenfeld Asset Management LP now owns 12,255,094 shares of the mining company's stock worth $42,648,000 after purchasing an additional 2,028,800 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of IAMGOLD by 416.9% during the first quarter. JPMorgan Chase & Co. now owns 2,430,863 shares of the mining company's stock worth $8,459,000 after purchasing an additional 1,960,562 shares during the period. 50.93% of the stock is owned by institutional investors.

IAMGOLD Company Profile

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IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.

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