Equities analysts forecast that Iamgold Corp (NYSE:IAG) (TSE:IMG) will announce earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Iamgold’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.02. Iamgold reported earnings of $0.09 per share in the same quarter last year, which indicates a negative year over year growth rate of 77.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, May 6th.
According to Zacks, analysts expect that Iamgold will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from ($0.04) to $0.10. For the next year, analysts anticipate that the company will post earnings of $0.14 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Iamgold.
Iamgold (NYSE:IAG) (TSE:IMG) last issued its earnings results on Wednesday, February 20th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Iamgold had a positive return on equity of 1.07% and a negative net margin of 2.54%. The firm had revenue of $274.30 million during the quarter, compared to analyst estimates of $273.84 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis.
A number of equities analysts have recently issued reports on the company. Desjardins raised Iamgold from a “hold” rating to a “buy” rating in a report on Monday, January 28th. BMO Capital Markets reissued a “buy” rating on shares of Iamgold in a research note on Friday, February 15th. Canaccord Genuity reissued a “buy” rating on shares of Iamgold in a research note on Friday, February 15th. Credit Suisse Group reissued a “buy” rating and issued a $6.00 target price on shares of Iamgold in a research note on Wednesday, January 16th. Finally, Macquarie upgraded Iamgold from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $2.75 to $2.83 in a research report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $4.72.
Several large investors have recently bought and sold shares of IAG. Van ECK Associates Corp lifted its position in Iamgold by 2.5% in the 4th quarter. Van ECK Associates Corp now owns 71,006,386 shares of the mining company’s stock valued at $261,303,000 after acquiring an additional 1,760,096 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Iamgold by 3.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 32,166,891 shares of the mining company’s stock worth $118,374,000 after purchasing an additional 1,179,544 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Iamgold by 723.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,045,048 shares of the mining company’s stock worth $48,006,000 after purchasing an additional 11,461,355 shares during the last quarter. Vanguard Group Inc grew its stake in Iamgold by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 11,372,941 shares of the mining company’s stock valued at $41,852,000 after buying an additional 399,459 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Iamgold by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,372,941 shares of the mining company’s stock valued at $41,852,000 after buying an additional 399,459 shares in the last quarter. Institutional investors and hedge funds own 59.13% of the company’s stock.
Shares of NYSE:IAG opened at $3.05 on Friday. Iamgold has a twelve month low of $2.75 and a twelve month high of $6.33. The company has a market cap of $1.43 billion, a P/E ratio of 50.83, a price-to-earnings-growth ratio of 17.11 and a beta of -0.35. The company has a quick ratio of 3.57, a current ratio of 4.78 and a debt-to-equity ratio of 0.14.
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 in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.
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