IAMGOLD Corp to Post FY2016 Earnings of $0.07 Per Share, Cormark Forecasts (IMG)
IAMGOLD Corp (TSE:IMG) – Equities research analysts at Cormark increased their FY2016 earnings per share estimates for shares of IAMGOLD Corp in a research report issued to clients and investors on Tuesday. Cormark analyst R. Gray now forecasts that the firm will earn $0.07 per share for the year, up from their prior estimate of ($0.08). Cormark also issued estimates for IAMGOLD Corp’s Q4 2016 earnings at $0.00 EPS and Q4 2017 earnings at $0.03 EPS.
IMG has been the subject of a number of other research reports. TD Securities upgraded IAMGOLD Corp from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$7.00 to C$7.50 in a report on Tuesday. Canaccord Genuity reduced their price objective on IAMGOLD Corp from C$8.00 to C$7.00 in a report on Monday, October 24th. Scotiabank restated a “sector perform” rating and set a C$5.75 price objective on shares of IAMGOLD Corp in a report on Tuesday. Finally, National Bank Financial upgraded IAMGOLD Corp from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. IAMGOLD Corp has a consensus rating of “Hold” and an average target price of C$5.00.
IAMGOLD Corp (TSE:IMG) opened at 4.87 on Friday. The firm’s market capitalization is $1.98 billion. The stock has a 50 day moving average price of $5.14 and a 200-day moving average price of $5.34. IAMGOLD Corp has a one year low of $1.66 and a one year high of $7.65.
About IAMGOLD Corp
IAMGOLD Corporation (IAMGOLD) is engaged in the exploration, development and production of mineral resource properties across the world. Through its holdings, IAMGOLD has interests in various operations and exploration properties, as well as various royalty interests on mineral resource properties. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.
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