Q1 2018 EPS Estimates for IAMGOLD Corp Cut by Cormark (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Analysts at Cormark cut their Q1 2018 earnings estimates for IAMGOLD Corp in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now expects that the mining company will earn $0.01 per share for the quarter, down from their previous estimate of $0.03. Cormark also issued estimates for IAMGOLD Corp’s Q2 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.07 EPS.
Several other brokerages also recently commented on IMG. BMO Capital Markets reaffirmed a “market perform” rating and set a C$5.00 target price on shares of IAMGOLD Corp in a report on Wednesday, June 7th. TD Securities boosted their price objective on shares of IAMGOLD Corp from C$8.00 to C$8.50 and gave the company a “buy” rating in a report on Wednesday, June 7th. Royal Bank Of Canada boosted their price objective on shares of IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a report on Thursday, June 8th. National Bank Financial boosted their price objective on shares of IAMGOLD Corp from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, CIBC boosted their price objective on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$8.14.
IAMGOLD Corp (IMG) opened at 8.73 on Friday. The stock’s 50 day moving average is $7.22 and its 200-day moving average is $6.18. IAMGOLD Corp has a 12 month low of $4.18 and a 12 month high of $8.87. The firm has a market cap of $4.06 billion and a price-to-earnings ratio of 7.96.
In other news, insider Carol Banducci sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total value of C$302,400.00.
About IAMGOLD Corp
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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