IAMGOLD Corp. (NYSE:IAG) announced that it has secured regulatory approvals to close the sale of its Niobec mine to a group of companies led by Magris Resources Inc. for cash proceeds of $500 million (post-tax) upon completion. The sale is expected to be complete by the end of Jan 2015. On Wednesday shares of IAMGOLD Corp. (NYSE:IAG) closed at $3.18. Company’s sales growth for last 5 years was 5.70% and EPS growth for next 5 years is recorded as 3.00%.
Profits at Regions Financial Corp. (NYSE:RF), Central Florida’s XX-largest bank by local deposits, increased slightly for 2014 but were down in the fourth quarter. Regions (NYSE:RF) recorded $1.1 billion in net income available to common shareholders in 2014, up from $1.09 billion a year ago. For the fourth quarter, profits were down to $195 million from $219 million in the final quarter of 2013. Regions Financial Corporation (NYSE:RF) in last trading activity fell -0.34% to close at $8.71. Company weekly performance is -7.24% while its quarterly performance stands at -4.50%. Regions Financial Corporation (NYSE:RF) is -23.42% away from its 52 week high.
Summit Hotel Properties Inc (NYSE:INN) was upgraded by Zacksfrom a “neutral” rating to an “outperform” rating in a research report issued on Wednesday. The firm currently has a $14.30 price objective on the stock. Zacks‘s price target would suggest a potential upside of 7.92% from the company’s current price. On last trading day Summit Hotel Properties, Inc. (NYSE:INN) fell -0.98% to close at $13.12. Its volatility for the week is 3.03% while volatility for the month is 2.24%. INN’s sales growth for past 5 years was 17.20% and its EPS growth for past 5 years was -15.60%. Summit Hotel Properties, Inc. (NYSE:INN) monthly performance is 5.64%.
Vicon Industries, Inc. (NYSEMKT:VII), a leading manufacturer of video surveillance equipment, is pleased to announce that as part of our new strategic direction towards establishing a two-tier sales distribution model, Jennifer Hones has joined Vicon as National Distribution Program Manager. Vicon Industries, Inc. (NYSEMKT:VII) has 4.50% insider ownership while its institutional ownership stands at 9.30%. In last trading activity company’s stock closed at $1.70.
On January 12, Gaiam, Inc., (NASDAQ:GAIA) a lifestyle company and a leading brand of yoga and well-being products and services, announced new senior management appointments and new products and service initiatives launching this year that the Company expects will advance its “Yoga for All” and overall health and wellness category leadership market position. On last trading day Gaiam Inc. (NASDAQ:GAIA) fell -0.14% to close at $7.15. Its volatility for the week is 5.28% while volatility for the month is 5.28%. GAIA’s sales growth for past 5 years was -9.60% and its EPS growth for past 5 years was 9.30%. Gaiam Inc. (NASDAQ:GAIA) monthly performance is 0.14%.