Research Analysts Set Expectations for IAMGOLD Co.’s FY2021 Earnings (TSE:IMG)

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Raymond James decreased their FY2021 earnings per share (EPS) estimates for shares of IAMGOLD in a report issued on Monday, April 5th. Raymond James analyst F. Hamed now expects that the mining company will earn $0.23 per share for the year, down from their prior forecast of $0.38. Raymond James currently has a “Market Perform” rating and a $5.50 target price on the stock. Raymond James also issued estimates for IAMGOLD’s FY2022 earnings at ($0.03) EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Wednesday, February 17th. The mining company reported C$0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.12 by C($0.07). The business had revenue of C$452.93 million for the quarter.

Several other equities analysts also recently weighed in on IMG. Credit Suisse Group dropped their target price on shares of IAMGOLD to C$5.00 and set a “neutral” rating for the company in a report on Thursday, January 21st. National Bank Financial dropped their target price on shares of IAMGOLD from C$7.50 to C$6.75 and set an “outperform” rating for the company in a report on Monday, January 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. IAMGOLD presently has a consensus rating of “Hold” and a consensus price target of C$7.13.

TSE:IMG opened at C$4.02 on Thursday. The company has a current ratio of 4.17, a quick ratio of 3.07 and a debt-to-equity ratio of 20.96. The firm has a 50-day moving average price of C$3.94 and a two-hundred day moving average price of C$4.51. IAMGOLD has a twelve month low of C$3.53 and a twelve month high of C$7.07. The company has a market capitalization of C$1.91 billion and a P/E ratio of 45.17.

In other news, Senior Officer Benjamin Richard Little sold 16,562 shares of IAMGOLD stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of C$4.21, for a total transaction of C$69,726.02. Following the completion of the sale, the insider now directly owns 38,617 shares in the company, valued at C$162,577.57.

IAMGOLD Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso, West Africa; the Westwood mine located in Quebec, Canada.

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Earnings History and Estimates for IAMGOLD (TSE:IMG)

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