Monday, April 15, 2024 12:13:52 PM
Written by MarketBeat
April 15, 2024
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IAMGOLD logoIAMGOLD Co. (NYSE:IAG -TSE: $IMG was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 8,010,000 shares, a drop of 9.7% from the March 15th total of 8,870,000 shares. Based on an average trading volume of 8,450,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.6% of the shares of the stock are short sold.
Today
IAMGOLD Stock Down 2.2 %
Two Tiny Mining Stocks Worth Considering for the Next Gold Rush
IAG traded down $0.08 during trading on Monday, reaching $3.53. 1,647,328 shares of the stock traded hands, compared to its average volume of 8,604,386. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.24 and a beta of 1.69. IAMGOLD has a fifty-two week low of $1.99 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. The stock's 50-day simple moving average is $2.98 and its two-hundred day simple moving average is $2.61.
IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $297.60 million during the quarter. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. As a group, equities research analysts expect that IAMGOLD will post 0.07 EPS for the current year.
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Institutional Trading of IAMGOLD
A number of institutional investors and hedge funds have recently made changes to their positions in IAG. Helikon Investments Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $23,722,000. Two Sigma Investments LP lifted its position in shares of IAMGOLD by 492.0% in the first quarter. Two Sigma Investments LP now owns 7,284,801 shares of the mining company's stock worth $19,742,000 after buying an additional 6,054,262 shares during the last quarter. Norges Bank acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $12,557,000. Donald Smith & CO. Inc. lifted its position in shares of IAMGOLD by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 35,778,309 shares of the mining company's stock worth $90,519,000 after buying an additional 4,358,444 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of IAMGOLD in the fourth quarter worth about $10,972,000. Institutional investors and hedge funds own 47.08% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a report on Friday, April 5th. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. CIBC increased their target price on IAMGOLD from $3.00 to $3.10 and gave the company a "neutral" rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded IAMGOLD from a "sell" rating to a "hold" rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, IAMGOLD has an average rating of "Hold" and a consensus price target of $3.52.
https://www.marketbeat.com/instant-alerts/nyse-iag-options-data-report-2024-04-15/
Just a matter of time
"Pour Some Sugar On Me"
Recent IAG News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/27/2024 10:01:38 PM
- METALLA PROVIDES UPDATE ON GOSSELIN & CÔTÉ ROYALTY AND 2024 CATALYSTS • PR Newswire (Canada) • 02/26/2024 12:00:00 PM
- METALLA PROVIDES UPDATE ON GOSSELIN & CÔTÉ ROYALTY AND 2024 CATALYSTS • PR Newswire (US) • 02/26/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 10:18:47 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 10:15:31 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:24:46 PM
- Toronto Stocks Inch Higher, BRP Shares Slide as Large Investor Reduces Stake • Dow Jones News • 01/23/2024 05:46:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/22/2024 10:01:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/20/2023 11:09:09 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/20/2023 11:06:45 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/18/2023 11:51:17 AM
- Junior Miner Has Strong Close Following Acquisition Announcement • AllPennyStocks.com • 12/05/2023 09:50:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/05/2023 12:02:11 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/16/2023 02:30:30 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 11:39:06 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 10:01:19 PM
- METALLA PROVIDES UPDATE ON CÔTÉ AND GOSSELIN ROYALTY • PR Newswire (US) • 10/25/2023 11:30:00 AM
- METALLA PROVIDES UPDATE ON CÔTÉ AND GOSSELIN ROYALTY • PR Newswire (Canada) • 10/25/2023 11:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/23/2023 01:10:15 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/18/2023 09:04:31 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/29/2023 09:08:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/28/2023 01:28:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/22/2023 12:32:52 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/20/2023 06:47:29 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/11/2023 10:07:56 AM
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