Iamgold Corp. Expected to Earn Q3 2016 Earnings of $0.00 Per Share (IAG)
Iamgold Corp. (NYSE:IAG) – Equities researchers at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Iamgold Corp. in a report issued on Wednesday. National Bank Financial analyst S. Parsons expects that the firm will post earnings per share of $0.00 for the quarter. National Bank Financial also issued estimates for Iamgold Corp.’s FY2016 earnings at ($0.04) EPS and FY2017 earnings at ($0.05) EPS.
Other analysts have also issued research reports about the stock. Royal Bank Of Canada upgraded shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from $5.50 to $6.50 in a research report on Monday, August 8th. Credit Suisse Group AG upgraded shares of Iamgold Corp. from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $3.00 to $5.25 in a research report on Thursday, June 30th. Zacks Investment Research upgraded shares of Iamgold Corp. from a “hold” rating to a “strong-buy” rating and set a $5.50 target price on the stock in a research report on Monday, July 18th. Scotiabank upgraded shares of Iamgold Corp. from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, July 13th. Finally, CIBC upgraded shares of Iamgold Corp. from a “sector underperform” rating to a “sector perform” rating in a research report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.61.
Iamgold Corp. (NYSE:IAG) opened at 3.37 on Monday. Iamgold Corp. has a 1-year low of $1.15 and a 1-year high of $5.87. The firm’s market cap is $1.37 billion. The firm has a 50 day moving average of $3.91 and a 200 day moving average of $3.90.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/iamgold-corp-expected-to-earn-q3-2016-earnings-of-0-00-per-share-iag.html
Iamgold Corp. (NYSE:IAG) last posted its quarterly earnings results on Wednesday, August 3rd. The mining company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business earned $232.50 million during the quarter, compared to the consensus estimate of $245.68 million. Iamgold Corp. had a negative net margin of 80.04% and a negative return on equity of 5.16%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share.
Large investors have recently added to or reduced their stakes in the stock. Cipher Capital LP purchased a new stake in Iamgold Corp. during the second quarter worth $101,000. World Asset Management Inc raised its stake in Iamgold Corp. by 10.7% in the second quarter. World Asset Management Inc now owns 24,961 shares of the mining company’s stock worth $103,000 after buying an additional 2,406 shares during the last quarter. ING Groep NV purchased a new stake in Iamgold Corp. during the second quarter worth $114,000. Dynamic Technology Lab Private Ltd purchased a new stake in Iamgold Corp. during the second quarter worth $122,000. Finally, Societe Generale purchased a new stake in Iamgold Corp. during the second quarter worth $148,000. 48.37% of the stock is owned by institutional investors and hedge funds.
Iamgold Corp. Company Profile
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.
Receive News & Ratings for Iamgold Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold Corp. and related companies with MarketBeat.com's FREE daily email newsletter.