FY2018 EPS Estimates for IAMGOLD Corp (IAG) Lifted by Analyst

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.



Other analysts also recently issued reports about the stock. BMO Capital Markets set a $7.00 price target on shares of IAMGOLD and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Canaccord Genuity upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Wednesday, January 17th. ValuEngine upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of IAMGOLD from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, CIBC set a $7.50 target price on shares of IAMGOLD and gave the stock an “outperform” rating in a report on Wednesday, January 17th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.07.

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://dakotafinancialnews.com/2018/04/13/fy2018-eps-estimates-for-iamgold-corp-iag-lifted-by-analyst.html.

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 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.

Earnings History and Estimates for IAMGOLD (NYSE:IAG)

Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply