Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Research analysts at Cormark cut their Q1 2018 earnings per share estimates for Iamgold Corporation in a research note issued on Thursday. Cormark analyst R. Gray now anticipates that the mining company will earn $0.01 per share for the quarter, down from their prior estimate of $0.02. Cormark also issued estimates for Iamgold Corporation’s FY2018 earnings at $0.06 EPS.

A number of other equities analysts have also recently weighed in on the stock. Raymond James Financial, Inc. increased their price objective on shares of Iamgold Corporation from $6.00 to $7.25 and gave the stock a “market perform” rating in a research note on Thursday. CIBC upgraded shares of Iamgold Corporation from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $6.93 to $7.00 in a research note on Wednesday. Royal Bank Of Canada set a $7.00 price objective on shares of Iamgold Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BMO Capital Markets upgraded shares of Iamgold Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $6.00 to $7.50 in a research note on Tuesday, August 22nd. Finally, BidaskClub upgraded shares of Iamgold Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.71.

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Iamgold Corporation (NYSE IAG) opened at 7.21 on Friday. The company has a market cap of $3.35 billion, a P/E ratio of 6.57 and a beta of -0.40. The stock has a 50 day moving average price of $5.74 and a 200 day moving average price of $4.73. Iamgold Corporation has a 1-year low of $3.14 and a 1-year high of $7.22.

Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. The company had revenue of $274.50 million for the quarter, compared to analysts’ expectations of $267.07 million. During the same period last year, the firm posted $0.01 earnings per share. Iamgold Corporation’s revenue was up 18.1% compared to the same quarter last year.

Several large investors have recently modified their holdings of IAG. Tocqueville Asset Management L.P. lifted its position in shares of Iamgold Corporation by 183.9% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 6,850,300 shares of the mining company’s stock valued at $35,348,000 after acquiring an additional 4,437,200 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Iamgold Corporation by 496.5% in the 2nd quarter. Royal Bank of Canada now owns 4,484,298 shares of the mining company’s stock valued at $23,138,000 after acquiring an additional 3,732,543 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Iamgold Corporation by 3.5% in the 1st quarter. Van ECK Associates Corp now owns 85,304,445 shares of the mining company’s stock valued at $341,218,000 after acquiring an additional 2,911,229 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Iamgold Corporation by 560.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,688,430 shares of the mining company’s stock valued at $13,873,000 after acquiring an additional 2,281,226 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Iamgold Corporation by 204.3% in the 1st quarter. Morgan Stanley now owns 2,237,001 shares of the mining company’s stock valued at $8,949,000 after acquiring an additional 1,501,873 shares in the last quarter. Institutional investors and hedge funds own 56.35% of the company’s stock.

Iamgold Corporation Company Profile

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.

Earnings History and Estimates for Iamgold Corporation (NYSE:IAG)

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