Equities Analysts Offer Predictions for IAMGOLD Corp’s Q3 2016 Earnings (IMG)
IAMGOLD Corp (TSE:IMG) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings per share estimates for shares of IAMGOLD Corp in a research note issued on Wednesday. National Bank Financial analyst S. Parsons forecasts that the firm will post earnings of $0.00 per share for the quarter. National Bank Financial also issued estimates for IAMGOLD Corp’s FY2016 earnings at ($0.05) EPS and FY2017 earnings at ($0.06) EPS.
Several other equities research analysts have also commented on the stock. Canaccord Genuity boosted their price objective on shares of IAMGOLD Corp from C$4.50 to C$6.50 in a research note on Tuesday, July 12th. TD Securities lifted their target price on shares of IAMGOLD Corp from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday, August 18th. Finally, CIBC raised shares of IAMGOLD Corp from an “underperform” rating to a “sector perform” rating in a report on Monday, June 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$4.89.
IAMGOLD Corp (TSE:IMG) opened at 4.45 on Monday. IAMGOLD Corp has a 12-month low of $1.66 and a 12-month high of $7.65. The company has a 50-day moving average of $5.16 and a 200 day moving average of $5.06. The company’s market capitalization is $1.81 billion.
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About IAMGOLD Corp
IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.
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