IAMGOLD Corp (IMG) to Post FY2017 Earnings of ($0.07) Per Share, Cormark Forecasts
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark lifted their FY2017 earnings per share estimates for shares of IAMGOLD Corp in a report issued on Thursday. Cormark analyst R. Gray now forecasts that the mining company will earn ($0.07) per share for the year, up from their previous estimate of ($0.11). Cormark also issued estimates for IAMGOLD Corp’s Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.11 EPS.
Several other equities analysts have also recently weighed in on IMG. National Bank Financial reaffirmed an “outperform market weight” rating on shares of IAMGOLD Corp in a research note on Sunday. TD Securities raised their price target on shares of IAMGOLD Corp from C$7.50 to C$8.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Scotiabank reaffirmed an “underperform” rating and set a C$5.00 price target on shares of IAMGOLD Corp in a research note on Tuesday, January 17th. Finally, Canaccord Genuity raised their price target on shares of IAMGOLD Corp from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research note on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$6.88.
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Shares of IAMGOLD Corp (TSE:IMG) opened at 5.98 on Monday. The firm’s market capitalization is $2.74 billion. The firm’s 50-day moving average price is $5.56 and its 200 day moving average price is $5.44. IAMGOLD Corp has a 12 month low of $4.05 and a 12 month high of $7.65.
IAMGOLD Corp Company Profile
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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