Q1 2019 Earnings Estimate for IAMGOLD Corp (IMG) Issued By Desjardins

IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Research analysts at Desjardins dropped their Q1 2019 earnings per share (EPS) estimates for shares of IAMGOLD in a report issued on Tuesday, July 10th. Desjardins analyst J. Wolfson now expects that the mining company will earn $0.04 per share for the quarter, down from their previous forecast of $0.04. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for IAMGOLD’s Q3 2019 earnings at $0.04 EPS and FY2019 earnings at $0.21 EPS.

Shares of IAMGOLD opened at C$7.94 on Wednesday, MarketBeat Ratings reports. IAMGOLD has a 12 month low of C$6.22 and a 12 month high of C$8.87.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings results on Monday, May 7th. The mining company reported C$0.10 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.04 by C$0.06. IAMGOLD had a negative net margin of 5.81% and a negative return on equity of 2.54%. The firm had revenue of C$397.57 million during the quarter.

In related news, insider Benjamin Richard Little sold 61,000 shares of the stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of C$7.87, for a total value of C$480,070.00. Also, insider Jeffery Alexander Snow sold 34,900 shares of the stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of C$8.01, for a total transaction of C$279,549.00. Insiders sold a total of 156,167 shares of company stock worth $759,619 over the last three months.

About IAMGOLD

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

Earnings History and Estimates for IAMGOLD (TSE:IMG)

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