IAMGOLD Corp (IMG) to Post Q3 2017 Earnings of ($0.04) Per Share, Cormark Forecasts
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark lowered their Q3 2017 earnings per share estimates for shares of IAMGOLD Corp in a research note issued to investors on Thursday. Cormark analyst R. Gray now anticipates that the mining company will earn ($0.04) per share for the quarter, down from their previous estimate of ($0.03). Cormark also issued estimates for IAMGOLD Corp’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.04) EPS and Q3 2018 earnings at $0.02 EPS.
IMG has been the topic of a number of other reports. Canaccord Genuity lifted their price objective on shares of IAMGOLD Corp from C$9.25 to C$9.50 in a research report on Thursday, July 27th. Scotiabank lifted their price objective on shares of IAMGOLD Corp to C$8.00 and gave the company a “sector perform” rating in a research report on Thursday, June 8th. BMO Capital Markets reiterated a “market perform” rating and issued a C$5.00 price objective on shares of IAMGOLD Corp in a research report on Wednesday, June 7th. National Bank Financial lifted their price objective on shares of IAMGOLD Corp from C$7.75 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, CIBC lifted their price objective on shares of IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$8.25.
Shares of IAMGOLD Corp (TSE:IMG) opened at 8.39 on Monday. IAMGOLD Corp has a one year low of $4.18 and a one year high of $8.87. The company’s 50-day moving average is $7.33 and its 200-day moving average is $6.22. The stock has a market capitalization of $3.90 billion and a P/E ratio of 7.65.
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 (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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