National Bank Financial Research Analysts Raise Earnings Estimates for IAMGOLD Corp (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Investment analysts at National Bank Financial raised their FY2018 earnings per share (EPS) estimates for shares of IAMGOLD Corp in a research note issued on Wednesday. National Bank Financial analyst D. Demarco now forecasts that the mining company will earn $0.02 per share for the year, up from their prior forecast of $0.01. National Bank Financial has a “Outperform” rating and a $9.00 price objective on the stock. National Bank Financial also issued estimates for IAMGOLD Corp’s FY2019 earnings at $0.09 EPS.
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IMG has been the topic of several other research reports. TD Securities lowered their target price on shares of IAMGOLD Corp from C$11.00 to C$9.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. Scotiabank upped their target price on shares of IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a report on Thursday, June 8th. Canaccord Genuity lowered their target price on shares of IAMGOLD Corp from C$10.00 to C$9.75 in a report on Wednesday, September 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$7.50 target price on shares of IAMGOLD Corp in a report on Wednesday, August 23rd. Finally, CIBC upped their target price on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$8.25.
IAMGOLD Corp (TSE:IMG) opened at 8.02 on Monday. IAMGOLD Corp has a 1-year low of $4.18 and a 1-year high of $8.87. The firm has a market capitalization of $3.73 billion and a price-to-earnings ratio of 7.31. The firm’s 50-day moving average is $7.54 and its 200-day moving average is $6.29.
In other IAMGOLD Corp news, insider Carol Banducci sold 45,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total transaction 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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