Iamgold (TSE:IMG) (NYSE:IAG) – Equities researchers at National Bank Financial raised their FY2018 earnings per share estimates for Iamgold in a report released on Monday, April 9th. National Bank Financial analyst M. Parkin now forecasts that the mining company will post earnings per share of $0.22 for the year, up from their prior estimate of $0.20. National Bank Financial has a “Outperform” rating and a $9.50 price target on the stock. National Bank Financial also issued estimates for Iamgold’s FY2019 earnings at $0.24 EPS.
Iamgold (TSE:IMG) (NYSE:IAG) last issued its earnings results on Wednesday, February 21st. The mining company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.07). The business had revenue of C$369.67 million for the quarter. Iamgold had a negative net margin of 5.81% and a negative return on equity of 2.54%.
Separately, Canaccord Genuity lifted their target price on Iamgold from C$9.00 to C$10.50 in a research note on Friday, January 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$8.53.
Shares of IMG opened at C$6.65 on Thursday. Iamgold has a 12-month low of C$4.89 and a 12-month high of C$8.87.
In other Iamgold news, Director Stephen Joseph James Letwin sold 133,825 shares of Iamgold stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total value of C$1,050,526.25. Also, insider Benjamin Richard Little sold 13,476 shares of Iamgold stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of C$6.61, for a total value of C$89,076.36. In the last ninety days, insiders sold 162,825 shares of company stock worth $1,261,466.
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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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