IAMGOLD Corp (IMG) Price Target Raised to C$9.00 at TD Securities

Share

Zacks Investment Research upgraded shares of Pershing Gold Corporation (NASDAQ:PGLC) from a hold rating to a buy rating in a research note published on Wednesday. Scotiabank lifted their price target on shares of IAMGOLD Corp to C$8.00 and gave the company a sector perform rating in a report on Thursday, June 8th. National Bank Financial raised their price target on shares of IAMGOLD Corp from C$7.75 to C$8.50 and gave the company an "outperform" rating in a research report on Thursday, July 27th. Credit Suisse downgraded IAMGOLD Corp (USA) (NYSE:IAG) on Friday, January 13 to "Underperform" rating. ValuEngine upgraded shares of Iamgold Corporation from a sell rating to a hold rating in a research report on Tuesday, May 23rd. They now have a buy rating on the mining company's stock. The stock has "Hold" rating by RBC Capital Markets on Monday, June 5.

The company is up by 4.02 percent from yesterday's close. Pershing Gold Corporation has a 12 month low of $2.60 and a 12 month high of $4.90. The stock's 50 day moving average price is $5.15 and its 200 day moving average price is $4.49. The company has a market capitalization of $3.22 billion and a price-to-earnings ratio of 6.31.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Wednesday, August 9th. The mining company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $274.50 million during the quarter, compared to the consensus estimate of $267.07 million. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.51%. The company's revenue for the quarter was up 18.1% on a year-over-year basis. On average, equities research analysts expect that Iamgold Corporation will post $0.04 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Stock Observer and is owned by of Stock Observer. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and global copyright & trademark laws. The original version of this piece of content can be read at https://baseballnewssource.com/markets/iamgold-corporation-iag-stock-rating-reaffirmed-by-royal-bank-of-canada-updated-updated-updated/1220671.html.

New York Community Bancorp Inc
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. The financial services provider reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03.

A number of hedge funds have recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI increased its stake in Iamgold Corporation by 67.4% in the first quarter. 1,604,808 shares of the company were exchanged.

Heartland Advisors Inc. increased its stake in shares of Iamgold Corporation by 6.6% in the first quarter. Institutional investors own 57.95% of the company's stock. Sprott Inc. acquired a new position in Iamgold Corporation during the second quarter valued at approximately $114,000. Spark Investment Management LLC boosted its stake in Pershing Gold Corporation by 100.0% in the first quarter. World Asset Management Inc now owns 27,537 shares of the mining company's stock valued at $110,000 after buying an additional 1,040 shares during the last quarter. FMR LLC increased its position in shares of Iamgold Corporation by 12.9% in the second quarter.

According to Zacks, "Pershing Gold Corporation is engaged in the exploration and development of gold and precious metal properties primarily in Nevada".

Share