Desjardins Comments on Iamgold Corporation’s FY2017 Earnings (IAG)
Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Investment analysts at Desjardins issued their FY2017 earnings per share (EPS) estimates for shares of Iamgold in a research report issued on Monday. Desjardins analyst J. Wolfson anticipates that the mining company will earn $0.13 per share for the year. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Iamgold’s FY2018 earnings at $0.09 EPS, FY2019 earnings at $0.19 EPS, FY2020 earnings at $0.18 EPS and FY2021 earnings at $0.15 EPS.
Iamgold (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Tuesday, November 7th. The mining company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. Iamgold had a net margin of 48.66% and a return on equity of 1.81%. The firm had revenue of $268.80 million for the quarter, compared to analyst estimates of $268.62 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year.
Iamgold (NYSE IAG) opened at $5.26 on Wednesday. Iamgold has a 12-month low of $3.16 and a 12-month high of $7.25. The stock has a market cap of $2,431.09, a P/E ratio of 52.30, a PEG ratio of 20.51 and a beta of -0.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.78.
Large investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. increased its stake in Iamgold by 102.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,299 shares of the mining company’s stock valued at $110,000 after purchasing an additional 10,773 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of Iamgold during the third quarter worth $130,000. Quantbot Technologies LP bought a new stake in shares of Iamgold during the second quarter worth $131,000. Acadian Asset Management LLC bought a new stake in shares of Iamgold during the second quarter worth $137,000. Finally, Alliancebernstein L.P. increased its position in shares of Iamgold by 171.9% during the second quarter. Alliancebernstein L.P. now owns 32,900 shares of the mining company’s stock worth $170,000 after acquiring an additional 20,800 shares in the last quarter. 56.06% of the stock is owned by hedge funds and other institutional investors.
Iamgold 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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