Somewhat Favorable Media Coverage Somewhat Unlikely to Affect IAMGOLD (NYSE:IAG) Stock Price

Press coverage about IAMGOLD (NYSE:IAG) (TSE:IMG) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. IAMGOLD earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the mining company an impact score of 46.1001857856461 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

IAMGOLD traded up $0.01, reaching $5.96, on Thursday, according to MarketBeat Ratings. The company’s stock had a trading volume of 2,379,965 shares, compared to its average volume of 4,254,368. The company has a quick ratio of 3.83, a current ratio of 4.62 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 99.33, a price-to-earnings-growth ratio of 10.81 and a beta of -0.09. IAMGOLD has a fifty-two week low of $4.80 and a fifty-two week high of $7.25.

IAMGOLD (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings results on Monday, May 7th. The mining company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. The firm had revenue of $314.50 million during the quarter, compared to the consensus estimate of $291.41 million. IAMGOLD had a return on equity of 2.27% and a net margin of 48.91%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. equities analysts anticipate that IAMGOLD will post 0.18 EPS for the current fiscal year.

A number of brokerages have issued reports on IAG. TheStreet upgraded shares of IAMGOLD from a “c+” rating to a “b” rating in a research note on Friday, May 25th. ValuEngine lowered shares of IAMGOLD from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 17th. Raymond James boosted their price target on shares of IAMGOLD from $7.25 to $7.50 and gave the stock a “market perform” rating in a research note on Wednesday, June 6th. BMO Capital Markets lowered shares of IAMGOLD to a “hold” rating in a research note on Friday, February 16th. Finally, Bank of America upgraded shares of IAMGOLD from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Friday, April 13th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.20.

About IAMGOLD

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 Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

Insider Buying and Selling by Quarter for IAMGOLD (NYSE:IAG)

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