FY2017 EPS Estimates for IAMGOLD Corp Reduced by Cormark (IMG)

IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark lowered their FY2017 earnings per share estimates for IAMGOLD in a note issued to investors on Thursday. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.02 per share for the year, down from their previous estimate of $0.14. Cormark also issued estimates for IAMGOLD’s Q4 2017 earnings at ($0.09) EPS and FY2018 earnings at ($0.01) EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Tuesday, November 7th. The mining company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.45% and a net margin of 12.13%.

A number of other research analysts have also weighed in on the company. Canaccord Genuity decreased their target price on IAMGOLD from C$9.50 to C$8.75 in a report on Friday, October 20th. Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$8.34.

IAMGOLD (TSE IMG) opened at C$7.69 on Monday. The firm has a market capitalization of $3,580.00, a P/E ratio of 5.65 and a beta of -1.02. IAMGOLD has a 1-year low of C$4.54 and a 1-year high of C$8.87.

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About IAMGOLD

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 (TSE:IMG)

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