Q3 2017 EPS Estimates for IAMGOLD Corp (IMG) Boosted by National Bank Financial
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Equities researchers at National Bank Financial boosted their Q3 2017 earnings estimates for shares of IAMGOLD Corp in a research report issued on Tuesday. National Bank Financial analyst D. Demarco now forecasts that the mining company will earn $0.01 per share for the quarter, up from their prior estimate of ($0.01). National Bank Financial currently has a “Outperform” rating and a $9.00 target price on the stock. National Bank Financial also issued estimates for IAMGOLD Corp’s FY2017 earnings at $0.06 EPS.
Several other equities research analysts have also issued reports on the stock. Canaccord Genuity reduced 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 reissued an “outperform” rating and issued a C$7.50 target price on shares of IAMGOLD Corp in a report on Wednesday, August 23rd. Raymond James Financial, Inc. increased their target price on shares of IAMGOLD Corp to C$9.00 and gave the stock a “market perform” rating in a report on Friday, September 8th. Finally, TD Securities reduced their target price on shares of IAMGOLD Corp from C$11.00 to C$9.00 and set a “buy” rating for the company in a report on Thursday, September 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$8.22.
IAMGOLD Corp (IMG) opened at 7.12 on Thursday. The company has a market capitalization of $3.31 billion and a price-to-earnings ratio of 6.49. IAMGOLD Corp has a 52-week low of $4.24 and a 52-week high of $8.87. The stock has a 50 day moving average of $7.93 and a 200-day moving average of $6.74.
In other IAMGOLD Corp news, insider Craig Stephen Macdougall sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of C$8.27, for a total transaction of C$115,780.00.
IAMGOLD Corp 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.
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