FY2018 EPS Estimates for IAMGOLD Corp Lowered by Analyst (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Equities researchers at Cormark decreased their FY2018 earnings per share estimates for IAMGOLD Corp in a note issued to investors on Thursday. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $0.09 for the year, down from their prior forecast of $0.11. Cormark also issued estimates for IAMGOLD Corp’s FY2019 earnings at $0.13 EPS.
A number of other research firms have also issued reports on IMG. BMO Capital Markets reiterated a “market perform” rating and set a C$5.00 price objective on shares of IAMGOLD Corp in a research note on Wednesday, June 7th. TD Securities lifted their price objective on shares of IAMGOLD Corp from C$7.50 to C$8.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Royal Bank Of Canada lifted their price target on shares of IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 8th. National Bank Financial restated an “outperform market weight” rating on shares of IAMGOLD Corp in a research note on Sunday, May 14th. Finally, CIBC lifted their price target on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research note on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. IAMGOLD Corp has an average rating of “Buy” and a consensus price target of C$7.68.
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IAMGOLD Corp (IMG) opened at 6.92 on Friday. The stock has a 50 day moving average of $6.63 and a 200 day moving average of $5.98. IAMGOLD Corp has a one year low of $4.18 and a one year high of $7.52. The firm’s market cap is $3.22 billion.
In related news, insider Carol Banducci sold 45,000 shares of IAMGOLD Corp stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total value of C$302,400.00.
About IAMGOLD Corp
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Québec, Canada; and Sadiola, as well as Yatela gold mines situated in southwest Mali, West Africa.
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