Iamgold (TSE:IMG) Shares Pass Below 200-Day Moving Average of $4.37

Iamgold Corp (TSE:IMG) (NYSE:IAG) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.37 and traded as low as $4.63. Iamgold shares last traded at $4.69, with a volume of 822,760 shares trading hands.

A number of research analysts recently commented on the stock. National Bank Financial boosted their price objective on shares of Iamgold from C$7.75 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Cormark downgraded shares of Iamgold from a “buy” rating to a “market perform” rating and decreased their target price for the stock from C$7.00 to C$5.50 in a research report on Friday, August 9th. Finally, Canaccord Genuity boosted their target price on shares of Iamgold from C$4.75 to C$5.25 in a research report on Friday, July 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Iamgold has an average rating of “Buy” and an average price target of C$6.41.

The company has a quick ratio of 2.98, a current ratio of 4.14 and a debt-to-equity ratio of 16.10. The company has a market capitalization of $2.27 billion and a P/E ratio of -21.64. The company’s 50-day simple moving average is C$4.82 and its 200 day simple moving average is C$4.37.

Iamgold (TSE:IMG) (NYSE:IAG) last posted its earnings results on Wednesday, August 7th. The mining company reported C($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.03). The business had revenue of C$329.74 million for the quarter. As a group, equities research analysts forecast that Iamgold Corp will post 0.18 earnings per share for the current year.

About Iamgold (TSE:IMG)

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.

See Also: Earnings Per Share (EPS) Explained

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