Iamgold Corporation (IAG) Set to Announce Quarterly Earnings on Tuesday
Iamgold Corporation (NYSE:IAG) (TSE:IMG) will be issuing its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Iamgold Corporation (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The company had revenue of $274.50 million during the quarter, compared to the consensus estimate of $267.07 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Iamgold Corporation’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts expect Iamgold Corporation to post $0.03 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.
Iamgold Corporation (NYSE:IAG) traded down 1.96% during midday trading on Tuesday, reaching $5.50. 828,195 shares of the company’s stock traded hands. The company’s 50-day moving average price is $6.15 and its 200 day moving average price is $5.33. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 5.01 and a beta of -0.48. Iamgold Corporation has a 52 week low of $3.16 and a 52 week high of $7.25.
A number of equities analysts recently commented on the company. CIBC upgraded 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 report on Wednesday, September 6th. Raymond James Financial, Inc. increased their price objective on Iamgold Corporation from $6.00 to $7.25 and gave the stock a “market perform” rating in a report on Thursday, September 7th. Scotiabank increased their price objective on Iamgold Corporation from $6.25 to $7.00 and gave the stock a “sector perform” rating in a report on Friday, September 15th. Canaccord Genuity downgraded Iamgold Corporation from a “buy” rating to a “hold” rating and set a $8.07 price objective on the stock. in a report on Friday, September 29th. Finally, Royal Bank Of Canada set a $7.00 price objective on Iamgold Corporation and gave the stock a “hold” rating in a report on Tuesday, August 29th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.23.
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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.
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