IAMGOLD Corp (IMG) to Release Quarterly Earnings on Tuesday
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of C($0.02) per share for the quarter.
IAMGOLD Corp (IMG) traded down 1.39% during trading on Tuesday, reaching $7.10. The company’s stock had a trading volume of 361,145 shares. The company has a market cap of $3.30 billion and a PE ratio of 6.47. The stock has a 50-day moving average price of $7.65 and a 200 day moving average price of $6.83. IAMGOLD Corp has a 52-week low of $4.24 and a 52-week high of $8.87.
In other news, insider Craig Stephen Macdougall sold 14,000 shares of the business’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.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity lowered their target price on IAMGOLD Corp from C$9.50 to C$8.75 in a research note on Friday, October 20th. National Bank Financial lowered their target price on IAMGOLD Corp from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Thursday, September 14th. Raymond James Financial, Inc. boosted their target price on IAMGOLD Corp to C$9.00 and gave the company a “market perform” rating in a research note on Friday, September 8th. TD Securities lowered their target price on IAMGOLD Corp from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$7.50 target price on shares of IAMGOLD Corp in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. IAMGOLD Corp has an average rating of “Hold” and a consensus price target of C$8.13.
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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