IAMGOLD (IMG) Scheduled to Post Earnings on Thursday

IAMGOLD (TSE:IMG) (NYSE:IAG) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect IAMGOLD to post earnings of C$0.15 per share for the quarter.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Thursday, August 8th. The mining company reported C$0.22 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.10. The company had revenue of C$527.18 million during the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%.

IAMGOLD Price Performance

TSE IMG opened at C$7.92 on Thursday. The company has a 50 day simple moving average of C$7.15 and a 200-day simple moving average of C$6.02. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm has a market capitalization of C$4.52 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a 52-week low of C$2.87 and a 52-week high of C$8.80.

Insider Activity at IAMGOLD

In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. National Bankshares increased their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$6.91.

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.