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.

IAG has been the topic of a number of other reports. Zacks Investment Research lowered shares of Iamgold from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Royal Bank of Canada set a $8.00 target price on shares of Iamgold and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Scotiabank boosted their price target on shares of Iamgold from $6.25 to $7.00 and gave the stock a “sector perform” rating in a research note on Friday, September 15th. Raymond James Financial boosted their price target on shares of Iamgold from $6.00 to $7.25 and gave the stock a “market perform” rating in a research note on Thursday, September 7th. Finally, TheStreet downgraded shares of Iamgold from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.10.

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.

ILLEGAL ACTIVITY NOTICE: This story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/13/desjardins-comments-on-iamgold-corporations-fy2017-earnings-iag.html.

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.

Earnings History and Estimates for Iamgold (NYSE:IAG)

Receive News & Ratings for Iamgold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold and related companies with MarketBeat.com's FREE daily email newsletter.