Research Analysts Offer Predictions for IAMGOLD Corp’s Q2 2018 Earnings (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Stock analysts at Cormark cut their Q2 2018 earnings estimates for shares of IAMGOLD Corp in a research note issued to investors on Wednesday. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.02. Cormark also issued estimates for IAMGOLD Corp’s Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.01 EPS and FY2018 earnings at $0.06 EPS.
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Several other equities analysts have also commented on the stock. Canaccord Genuity lowered their price objective on shares of IAMGOLD Corp from C$9.50 to C$8.75 in a research report on Friday, October 20th. National Bank Financial lowered their price objective on shares of IAMGOLD Corp from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Thursday, September 14th. Raymond James Financial, Inc. increased their price objective on shares of IAMGOLD Corp to C$9.00 and gave the company 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$8.13.
IAMGOLD Corp (TSE IMG) traded down C$0.13 during mid-day trading on Thursday, reaching C$7.49. 1,205,500 shares of the company’s stock traded hands, compared to its average volume of 2,405,633. IAMGOLD Corp has a fifty-two week low of C$4.24 and a fifty-two week high of C$8.87.
In other news, insider Craig Stephen Macdougall sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of C$8.27, for a total value of C$115,780.00. Insiders sold a total of 17,500 shares of company stock valued at $144,355 in the last 90 days.
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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