Desjardins Analysts Reduce Earnings Estimates for IAMGOLD Corp (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Stock analysts at Desjardins decreased their FY2017 EPS estimates for IAMGOLD in a research report issued to clients and investors on Friday. Desjardins analyst J. Wolfson now expects that the mining company will earn $0.15 per share for the year, down from their previous forecast of $0.17. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for IAMGOLD’s Q4 2017 earnings at $0.04 EPS and FY2018 earnings at $0.11 EPS.
Separately, Canaccord Genuity reduced their price objective on shares of IAMGOLD from C$9.50 to C$8.75 in a research note on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$8.13.
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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