Research analysts at RBC Capital cut their target price on shares of IAMGOLD Corp (NYSE: IAG)
Shares of IAMGOLD Corp traded up 0.12% during mid-day trading on Wednesday, hitting $8.50. IAMGOLD Corp has a one year low of $8.34 and a one year high of $17.74. The stock?s 50-day moving average is currently $10.78. The company has a market cap of $3.200 billion and a P/E ratio of 8.32.
IAMGOLD Corp last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.09. The company had revenue of $386.80 million for the quarter, compared to the consensus estimate of $427.95 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company?s revenue for the quarter was down 10.4% on a year-over-year basis. Analysts expect that IAMGOLD Corp will post $0.89 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America downgraded shares of IAMGOLD Corp from a ?buy? rating to a ?neutral? rating in a research note to investors on Friday, January 25th. They now have a $10.00 price target on the stock, down previously from $16.50. Separately, analysts at Macquarie upgraded shares of IAMGOLD Corp from a ?neutral? rating to an ?outperform? rating in a research note to investors on Thursday, January 24th. Finally, analysts at Stifel Nicolaus downgraded shares of IAMGOLD Corp from a ?buy? rating to a ?hold? rating in a research note to investors on Thursday, January 24th. They now have a $14.50 price target on the stock.
Six research analysts have rated the stock with a buy rating, one has assigned an overweight rating, thirteen have given a hold rating, and two have assigned a sell rating to the stock. The stock presently has an average rating of ?hold? and an average price target of $15.01.
IAMGOLD Corporation (IAMGOLD) is a mining company. IAMGOLD‘s interests include five operating gold mines, a niobium mine, a diamond royalty, and exploration and development projects located in Africa and the Americas.