IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at Desjardins issued their FY2017 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued to clients and investors on Monday. Desjardins analyst J. Wolfson forecasts that the mining company will post earnings per share of $0.17 for the year. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for IAMGOLD’s FY2018 earnings at $0.12 EPS, FY2019 earnings at $0.24 EPS, FY2020 earnings at $0.23 EPS and FY2021 earnings at $0.19 EPS.
Other equities research analysts have also issued reports about the company. Canaccord Genuity dropped their target price on IAMGOLD from C$9.50 to C$8.75 in a research report on Friday, October 20th. TD Securities dropped their target price on IAMGOLD from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research report on Thursday, September 7th. Raymond James Financial increased their target price on IAMGOLD to C$9.00 and gave the stock a “market perform” rating in a research report on Friday, September 8th. National Bank Financial dropped their target price on IAMGOLD from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, September 14th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$7.50 price target on shares of IAMGOLD in a research note on Wednesday, September 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$8.13.
Shares of IAMGOLD (IMG) opened at C$7.03 on Wednesday. IAMGOLD has a 52-week low of C$4.24 and a 52-week high of C$8.87.
In related news, insider Craig Stephen Macdougall sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of C$8.27, for a total transaction of C$115,780.00.
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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.
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