IAMGOLD (IAG) Set to Announce Quarterly Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $385.30 million for the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 6.70%. During the same quarter last year, the firm posted ($0.01) EPS. On average, analysts expect IAMGOLD to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IAMGOLD Trading Down 1.5 %

IAMGOLD stock opened at $5.69 on Thursday. The firm’s 50 day moving average price is $5.24 and its two-hundred day moving average price is $4.42. IAMGOLD has a 1 year low of $2.11 and a 1 year high of $6.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.34. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 20.30 and a beta of 1.59.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. National Bank Financial raised shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $6.00 price objective on shares of IAMGOLD in a research note on Tuesday, October 22nd. Scotiabank raised their price objective on shares of IAMGOLD from $4.75 to $5.50 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and raised their price objective for the stock from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Finally, CIBC raised their price objective on shares of IAMGOLD from $5.40 to $6.40 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.07.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.