Analysts Set Expectations for Iamgold Corp’s FY2020 Earnings (IMG)

Iamgold Corp (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark issued their FY2020 earnings per share (EPS) estimates for Iamgold in a report issued on Thursday, November 8th. Cormark analyst R. Gray forecasts that the mining company will post earnings of $0.14 per share for the year.

Iamgold (TSE:IMG) (NYSE:IAG) last issued its earnings results on Wednesday, August 8th. The mining company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.03. The company had revenue of C$358.02 million during the quarter.

Several other equities analysts also recently issued reports on the stock. Canaccord Genuity dropped their price target on shares of Iamgold from C$10.50 to C$9.25 in a research note on Thursday, October 18th. National Bank Financial raised their price target on shares of Iamgold from C$9.75 to C$10.50 and gave the company an “outperform” rating in a research note on Friday, August 10th. CSFB reaffirmed a “neutral” rating on shares of Iamgold in a research note on Wednesday, September 26th. Finally, TD Securities dropped their price target on shares of Iamgold from C$10.50 to C$10.00 and set a “buy” rating for the company in a research note on Thursday.

IMG stock opened at C$4.13 on Friday. Iamgold has a 52-week low of C$4.07 and a 52-week high of C$8.20. The company has a current ratio of 4.72, a quick ratio of 3.68 and a debt-to-equity ratio of 13.71.

In other Iamgold news, Director Ronald Peter Gagel purchased 10,000 shares of the company’s stock in a transaction dated Thursday, September 27th. The stock was purchased at an average price of C$4.90 per share, with a total value of C$49,000.00. Also, Director Sybil Elsa Veenman purchased 5,000 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of C$6.40 per share, with a total value of C$32,000.00.

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 interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Earnings History and Estimates for Iamgold (TSE:IMG)

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