Analysts Offer Predictions for IAMGOLD Co.’s FY2017 Earnings (IMG)
IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Analysts at Desjardins issued their FY2017 earnings estimates for IAMGOLD in a research note issued to investors on Monday. Desjardins analyst J. Wolfson forecasts that the mining company will earn $0.17 per share for the year. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for IAMGOLD’s FY2018 earnings at $0.12 EPS, FY2019 earnings at $0.24 EPS, FY2020 earnings at $0.23 EPS and FY2021 earnings at $0.19 EPS.
Other equities research analysts have also recently issued reports about the company. Canaccord Genuity dropped their price objective on IAMGOLD from C$9.50 to C$8.75 in a research note on Friday, October 20th. TD Securities dropped their price objective on IAMGOLD from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. Raymond James Financial lifted their price objective on IAMGOLD to C$9.00 and gave the company a “market perform” rating in a research note on Friday, September 8th. National Bank Financial dropped their price objective on IAMGOLD from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Thursday, September 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$7.50 price objective on shares of IAMGOLD in a research note on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$8.13.
In related news, insider Craig Stephen Macdougall sold 14,000 shares of IAMGOLD stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$8.27, for a total value of C$115,780.00.
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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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