Equities Analysts Offer Predictions for IAMGOLD Corp’s Q4 2017 Earnings (IAG)

IAMGOLD Corp (NYSE:IAG) (TSE:IMG) – Stock analysts at National Bank Financial issued their Q4 2017 earnings per share (EPS) estimates for shares of IAMGOLD in a research note issued to investors on Wednesday. National Bank Financial analyst D. Demarco expects that the mining company will post earnings per share of $0.01 for the quarter.

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

IAG has been the topic of several other research reports. Scotiabank reissued a “hold” rating on shares of IAMGOLD in a research note on Tuesday, November 14th. BMO Capital Markets set a $7.00 price objective on shares of IAMGOLD and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Desjardins reissued a “buy” rating on shares of IAMGOLD in a research note on Monday, December 11th. Canaccord Genuity raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada set a $8.00 price objective on shares of IAMGOLD and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.07.

Shares of IAMGOLD (IAG) opened at $5.60 on Monday. The company has a quick ratio of 3.85, a current ratio of 4.78 and a debt-to-equity ratio of 0.14. IAMGOLD has a one year low of $3.36 and a one year high of $7.25. The firm has a market cap of $2,608.92, a price-to-earnings ratio of 5.09, a P/E/G ratio of 22.22 and a beta of -0.31.

Several institutional investors have recently modified their holdings of the stock. Heartland Advisors Inc. boosted its position in IAMGOLD by 372.1% during the third quarter. Heartland Advisors Inc. now owns 3,634,511 shares of the mining company’s stock valued at $22,222,000 after acquiring an additional 2,864,661 shares during the last quarter. Van ECK Associates Corp boosted its position in IAMGOLD by 1.6% during the third quarter. Van ECK Associates Corp now owns 56,732,518 shares of the mining company’s stock valued at $346,069,000 after acquiring an additional 880,887 shares during the last quarter. Russell Investments Group Ltd. boosted its position in IAMGOLD by 50.9% during the third quarter. Russell Investments Group Ltd. now owns 510,561 shares of the mining company’s stock valued at $3,115,000 after acquiring an additional 172,246 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in IAMGOLD during the second quarter valued at $4,103,000. Finally, Tocqueville Asset Management L.P. boosted its position in IAMGOLD by 21.1% during the third quarter. Tocqueville Asset Management L.P. now owns 8,294,577 shares of the mining company’s stock valued at $50,597,000 after acquiring an additional 1,444,277 shares during the last quarter. 55.82% of the stock is currently owned by institutional investors.

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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 (NYSE:IAG)

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