Iamgold (NYSE:IAG) (TSE:IMG) was downgraded by equities researchers at Canaccord Genuity from a “buy” rating to a “hold” rating in a research note issued on Tuesday, May 7th, Marketbeat.com reports.
Several other equities analysts also recently issued reports on the stock. BMO Capital Markets downgraded shares of Iamgold from an “outperform” rating to a “market perform” rating in a research note on Monday, May 6th. Desjardins raised shares of Iamgold from a “hold” rating to a “buy” rating in a research note on Monday, January 28th. Credit Suisse Group reaffirmed a “buy” rating and set a $6.00 price target on shares of Iamgold in a research note on Wednesday, January 16th. Macquarie raised shares of Iamgold from a “neutral” rating to an “outperform” rating and raised their price target for the company from $2.75 to $2.83 in a research note on Tuesday, January 22nd. Finally, ValuEngine downgraded shares of Iamgold from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Iamgold has a consensus rating of “Hold” and a consensus target price of $4.18.
Shares of IAG stock traded up $0.12 during trading hours on Tuesday, hitting $2.51. 5,092,886 shares of the company’s stock traded hands, compared to its average volume of 5,414,693. The company has a market capitalization of $1.08 billion, a P/E ratio of 41.83, a PEG ratio of 18.40 and a beta of -0.41. Iamgold has a 12 month low of $2.28 and a 12 month high of $6.33. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.11 and a current ratio of 4.18.
Iamgold Company Profile
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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