IAMGOLD Corp (NYSE:IAG) (TSE:IMG) – Analysts at National Bank Financial increased their FY2018 EPS estimates for shares of IAMGOLD in a research note issued on Monday, April 9th. National Bank Financial analyst M. Parkin now expects that the mining company will earn $0.17 per share for the year, up from their prior estimate of $0.16. National Bank Financial also issued estimates for IAMGOLD’s FY2019 earnings at $0.19 EPS.
IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). IAMGOLD had a return on equity of 1.08% and a net margin of 45.81%. The company had revenue of $291.10 million for the quarter, compared to the consensus estimate of $280.04 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year.
IAG stock opened at $5.31 on Thursday. IAMGOLD has a 52 week low of $3.55 and a 52 week high of $7.25. The stock has a market cap of $2,417.91, a price-to-earnings ratio of 88.50, a P/E/G ratio of 16.63 and a beta of -0.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.16 and a current ratio of 5.02.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IAG. Russell Investments Group Ltd. raised its holdings in shares of IAMGOLD by 50.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 510,561 shares of the mining company’s stock worth $3,115,000 after purchasing an additional 172,246 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of IAMGOLD by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 366,157 shares of the mining company’s stock worth $2,309,000 after purchasing an additional 15,876 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of IAMGOLD in the 3rd quarter worth approximately $873,000. Magnetar Financial LLC bought a new stake in shares of IAMGOLD in the 3rd quarter worth approximately $542,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of IAMGOLD by 1,083.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 124,726 shares of the mining company’s stock worth $762,000 after purchasing an additional 114,183 shares in the last quarter. Institutional investors and hedge funds own 57.40% of the company’s stock.
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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 interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Québec, Canada; the Sadiola Gold Mine located in southwest Mali, West Africa; and Yatela gold mines situated in southwest Mali, West Africa.
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