Equities analysts forecast that IAMGOLD Corp (NYSE:IAG) (TSE:IMG) will announce earnings of $0.02 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for IAMGOLD’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.01. IAMGOLD posted earnings of $0.01 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that IAMGOLD will report full-year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.12. For the next financial year, analysts forecast that the company will post earnings of $0.09 per share, with EPS estimates ranging from $0.02 to $0.20. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for IAMGOLD.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Tuesday, November 7th. The mining company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The company had revenue of $268.80 million during the quarter, compared to analyst estimates of $268.62 million. IAMGOLD had a net margin of 48.66% and a return on equity of 1.81%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share.

IAG has been the subject of several research reports. BMO Capital Markets restated a “buy” rating and set a $8.00 price target on shares of IAMGOLD in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a research report on Monday, October 23rd. Desjardins restated a “buy” rating on shares of IAMGOLD in a research report on Monday, December 11th. TheStreet lowered shares of IAMGOLD from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Finally, Scotiabank restated a “hold” rating on shares of IAMGOLD in a research report on Tuesday, November 14th. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. IAMGOLD currently has a consensus rating of “Buy” and a consensus price target of $7.01.

IAMGOLD (IAG) traded up $0.29 on Monday, reaching $6.08. 6,263,500 shares of the company traded hands, compared to its average volume of 5,049,300. The company has a market capitalization of $2,830.00, a price-to-earnings ratio of 5.58, a P/E/G ratio of 23.03 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. IAMGOLD has a one year low of $3.36 and a one year high of $7.25.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its holdings in IAMGOLD by 2.3% during the second quarter. Advisor Group Inc. now owns 33,950 shares of the mining company’s stock valued at $175,000 after purchasing an additional 750 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in IAMGOLD by 102.3% during 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 during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in IAMGOLD by 2.5% during the second quarter. UBS Asset Management Americas Inc. now owns 607,826 shares of the mining company’s stock valued at $3,131,000 after purchasing an additional 14,600 shares during the last quarter. U S Global Investors Inc. lifted its holdings in IAMGOLD by 113.9% during the third quarter. U S Global Investors Inc. now owns 28,955 shares of the mining company’s stock valued at $177,000 after purchasing an additional 15,419 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in IAMGOLD by 4.5% during the third quarter. Legal & General Group Plc now owns 366,157 shares of the mining company’s stock valued at $2,309,000 after purchasing an additional 15,876 shares during the last quarter. 55.92% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for IAMGOLD (NYSE:IAG)

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