Shares of IAMGOLD Co. (NYSE:IAG – Get Free Report) (TSE:IMG) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $6.68.

A number of analysts have commented on the company. CIBC upped their price target on IAMGOLD from $5.40 to $6.40 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of IAMGOLD from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. National Bank Financial upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $6.00 price target on shares of IAMGOLD in a research note on Tuesday, October 22nd. Finally, Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd.

Read Our Latest Analysis on IAG

IAMGOLD (NYSE:IAG – Get Free Report) (TSE:IMG) last posted its quarterly earnings data on Thursday, August 8th. The mining company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $385.30 million during the quarter. IAMGOLD had a return on equity of 10.92% and a net margin of 49.56%. During the same quarter last year, the company earned ($0.01) earnings per share. On average, research analysts expect that IAMGOLD will post 0.53 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in IAG. ORG Partners LLC purchased a new stake in IAMGOLD in the third quarter worth about $29,000. Eastern Bank bought a new stake in shares of IAMGOLD in the 3rd quarter valued at about $30,000. Aigen Investment Management LP lifted its position in shares of IAMGOLD by 10.6% in the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock worth $368,000 after purchasing an additional 6,704 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of IAMGOLD by 3.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock valued at $1,154,000 after purchasing an additional 8,972 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in IAMGOLD by 92.9% during the second quarter. Continuum Advisory LLC now owns 20,450 shares of the mining company’s stock valued at $77,000 after buying an additional 9,850 shares during the period. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

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IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the C么t茅 gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.

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