Brokers Set Expectations for IAMGOLD Corp’s FY2017 Earnings (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Cormark issued their FY2017 earnings per share (EPS) estimates for IAMGOLD Corp in a report released on Thursday. Cormark analyst R. Gray anticipates that the mining company will post earnings of ($0.03) per share for the year.
IMG has been the subject of several other reports. BMO Capital Markets reiterated a “market perform” rating and issued a C$5.00 target price on shares of IAMGOLD Corp in a research note on Wednesday, June 7th. National Bank Financial upped their target price on IAMGOLD Corp from C$7.75 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Canaccord Genuity upped their target price on IAMGOLD Corp from C$9.25 to C$9.50 in a research note on Thursday, July 27th. CIBC upped their target price on IAMGOLD Corp from C$5.00 to C$5.75 in a research note on Wednesday, June 7th. Finally, TD Securities upped their target price on IAMGOLD Corp from C$8.50 to C$9.00 and gave the company a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$7.68.
Shares of IAMGOLD Corp (IMG) opened at 6.92 on Monday. The firm has a 50-day moving average price of $6.63 and a 200 day moving average price of $5.98. IAMGOLD Corp has a one year low of $4.18 and a one year high of $7.52. The stock’s market capitalization is $3.22 billion.
In other news, insider Carol Banducci sold 45,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total value of C$302,400.00.
IAMGOLD Corp Company Profile
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 interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Québec, Canada; and Sadiola, as well as Yatela gold mines situated in southwest Mali, West Africa.
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