Shares of IAMGOLD Corp (NYSE:IAG) (TSE:IMG) rose 5.6% during trading on Thursday . The stock traded as high as $3.99 and last traded at $3.95. Approximately 6,555,448 shares were traded during trading, an increase of 67% from the average daily volume of 3,927,297 shares. The stock had previously closed at $3.74.

IAG has been the subject of several research reports. ValuEngine cut shares of IAMGOLD from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. BMO Capital Markets restated a “buy” rating and set a $7.00 price objective on shares of IAMGOLD in a research note on Friday, September 21st. TheStreet cut shares of IAMGOLD from a “b” rating to a “c-” rating in a research note on Friday, August 10th. Zacks Investment Research cut shares of IAMGOLD from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Royal Bank of Canada set a $6.00 price objective on shares of IAMGOLD and gave the company a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. IAMGOLD presently has a consensus rating of “Hold” and an average price target of $7.13.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.80 and a current ratio of 4.72. The company has a market cap of $1.72 billion, a PE ratio of 65.50, a price-to-earnings-growth ratio of 7.48 and a beta of -0.30.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its earnings results on Wednesday, August 8th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. IAMGOLD had a net margin of 2.54% and a return on equity of 2.56%. The firm had revenue of $277.40 million during the quarter, compared to analysts’ expectations of $265.13 million. During the same period in the previous year, the business posted $0.01 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts expect that IAMGOLD Corp will post 0.16 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp acquired a new position in shares of IAMGOLD in the 2nd quarter valued at $111,000. Koch Industries Inc. acquired a new position in shares of IAMGOLD in the 1st quarter valued at $108,000. Natixis acquired a new position in shares of IAMGOLD in the 1st quarter valued at $305,000. Aperio Group LLC lifted its stake in shares of IAMGOLD by 59.7% in the 1st quarter. Aperio Group LLC now owns 61,179 shares of the mining company’s stock valued at $318,000 after purchasing an additional 22,879 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of IAMGOLD by 201.3% in the 1st quarter. LPL Financial LLC now owns 64,503 shares of the mining company’s stock valued at $335,000 after purchasing an additional 43,098 shares during the period. Hedge funds and other institutional investors own 52.98% of the company’s stock.

IAMGOLD Company Profile (NYSE:IAG)

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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