IAMGOLD Co. (IMG) Forecasted to Post Q4 2017 Earnings of $0.05 Per Share
IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Desjardins issued their Q4 2017 EPS estimates for shares of IAMGOLD in a research note issued on Monday. Desjardins analyst J. Wolfson forecasts that the mining company will post earnings per share of $0.05 for the quarter. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for IAMGOLD’s Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS, Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.05 EPS and Q3 2019 earnings at $0.05 EPS.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity decreased their price objective on shares of IAMGOLD from C$9.50 to C$8.75 in a research report on Friday, October 20th. TD Securities decreased their price objective on shares of IAMGOLD from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Thursday, September 7th. Raymond James Financial boosted their price target on shares of IAMGOLD to C$9.00 and gave the company a “market perform” rating in a research report on Friday, September 8th. National Bank Financial reduced their price target on shares of IAMGOLD from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Thursday, September 14th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$7.50 price target on shares of IAMGOLD in a research report on Wednesday, September 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. IAMGOLD has a consensus rating of “Buy” and an average target price of C$8.13.
In related news, insider Craig Stephen Macdougall sold 14,000 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of C$8.27, for a total value of C$115,780.00.
TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/14/iamgold-co-img-forecasted-to-post-q4-2017-earnings-of-0-05-per-share.html.
IAMGOLD 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.
Receive News & Stock Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related stocks with our FREE daily email newsletter.