FY2018 EPS Estimates for IAMGOLD Corp (IMG) Raised by Analyst
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Equities researchers at National Bank Financial increased their FY2018 earnings per share estimates for shares of IAMGOLD Corp in a research note issued to investors on Tuesday. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings per share of $0.03 for the year, up from their prior estimate of $0.02. National Bank Financial currently has a “Outperform” rating and a $9.00 price objective on the stock.
Several other brokerages have also recently commented on IMG. TD Securities increased their target price on IAMGOLD Corp from C$8.50 to C$9.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets restated an “outperform” rating and set a C$7.50 target price on shares of IAMGOLD Corp in a report on Wednesday, September 6th. Raymond James Financial, Inc. increased their target price on IAMGOLD Corp to C$9.00 and gave the stock a “market perform” rating in a report on Friday, September 8th. Finally, Canaccord Genuity increased their target price on IAMGOLD Corp from C$9.25 to C$9.50 in a report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. IAMGOLD Corp presently has an average rating of “Hold” and a consensus target price of C$8.13.
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Shares of IAMGOLD Corp (TSE IMG) traded up 0.69% during midday trading on Friday, hitting $7.25. 2,058,311 shares of the company were exchanged. The company’s 50 day moving average price is $7.90 and its 200 day moving average price is $6.74. IAMGOLD Corp has a one year low of $4.24 and a one year high of $8.87. The firm has a market cap of $3.37 billion and a P/E ratio of 6.61.
In related news, insider Craig Stephen Macdougall sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of C$8.27, for a total value 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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