IAMGOLD Corp (IMG) to Post FY2018 Earnings of $0.02 Per Share, National Bank Financial Forecasts
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – National Bank Financial raised their FY2018 earnings per share estimates for IAMGOLD Corp in a research note issued on Wednesday. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings per share of $0.02 for the year, up from their prior estimate of $0.01. National Bank Financial has a “Outperform” rating and a $9.00 price target on the stock. National Bank Financial also issued estimates for IAMGOLD Corp’s FY2019 earnings at $0.09 EPS.
A number of other equities analysts have also recently issued reports on the stock. Raymond James Financial, Inc. upped their price objective on shares of IAMGOLD Corp to C$9.00 and gave the stock a “market perform” rating in a research report on Friday, September 8th. TD Securities lowered their price objective on shares of IAMGOLD Corp from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Thursday, September 7th. BMO Capital Markets reiterated an “outperform” rating and set a C$7.50 price objective on shares of IAMGOLD Corp in a research report on Wednesday, September 6th. Canaccord Genuity lowered their price objective on shares of IAMGOLD Corp from C$10.00 to C$9.75 in a research report on Wednesday, September 6th. Finally, Scotiabank upped their price objective 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. IAMGOLD Corp currently has an average rating of “Buy” and a consensus price target of C$8.25.
IAMGOLD Corp (IMG) remained flat at $7.78 during mid-day trading on Monday. 431,815 shares of the company traded hands. The stock has a 50 day moving average price of $7.57 and a 200 day moving average price of $6.33. The company has a market capitalization of $3.62 billion and a PE ratio of 7.09. IAMGOLD Corp has a 52 week low of $4.18 and a 52 week high of $8.87.
In other IAMGOLD Corp news, insider Carol Banducci sold 45,000 shares of the company’s stock in a transaction that occurred 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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