IAMGOLD Corp (IMG) to Post Q1 2018 Earnings of $0.01 Per Share, Cormark Forecasts
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Stock analysts at Cormark cut their Q1 2018 earnings estimates for IAMGOLD Corp in a research note issued to investors on Thursday. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.01 per share for the quarter, down from their prior forecast of $0.03. Cormark also issued estimates for IAMGOLD Corp’s Q2 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at $0.07 EPS.
Several other analysts have also issued reports on IMG. National Bank Financial restated an “outperform market weight” rating on shares of IAMGOLD Corp in a research report on Sunday, May 14th. TD Securities raised their price target on shares of IAMGOLD Corp from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research report on Wednesday, June 7th. CIBC raised their price target on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. BMO Capital Markets restated a “market perform” rating and issued a C$5.00 price target on shares of IAMGOLD Corp in a research report on Wednesday, June 7th. Finally, Royal Bank Of Canada raised their price target on shares of IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$8.25.
IAMGOLD Corp (TSE IMG) opened at 8.52 on Friday. IAMGOLD Corp has a 12 month low of $4.18 and a 12 month high of $8.87. The stock’s 50 day moving average is $7.27 and its 200 day moving average is $6.20. The company has a market cap of $3.96 billion and a PE ratio of 7.77.
In other news, insider Carol Banducci sold 45,000 shares of IAMGOLD Corp stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of C$6.72, for a total transaction of C$302,400.00.
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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