IAMGOLD Corp (IAG) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
IAMGOLD Corp (NYSE:IAG) announced its earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.01, ARN reports. The company had revenue of $288.60 million for the quarter, compared to the consensus estimate of $274.57 million.
A number of analysts have recently weighed in on IAG shares. Analysts at RBC Capital cut their price target on shares of IAMGOLD Corp from $5.00 to $4.50 in a research note on Wednesday, July 9th. Analysts at Roth Capital cut their price target on shares of IAMGOLD Corp from $3.50 to $3.25 in a research note on Friday, May 30th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.33.
Shares of IAMGOLD Corp (NYSE:IAG) traded up 1.05% during mid-day trading on Wednesday, hitting $3.85. 4,998,106 shares of the company’s stock traded hands. IAMGOLD Corp has a 52-week low of $3.00 and a 52-week high of $7.08. The stock’s 50-day moving average is $3.86 and its 200-day moving average is $3.69. The company’s market cap is $1.451 billion.
IAMGOLD Corporation (NYSE:IAG) is a mining company.
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