Iamgold Corp (NYSE:IAG) (TSE:IMG) – Stock analysts at Cormark issued their FY2020 EPS estimates for shares of Iamgold in a research note issued on Thursday, November 8th. Cormark analyst R. Gray forecasts that the mining company will post earnings per share of $0.11 for the year.

Iamgold (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Tuesday, November 6th. The mining company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $244.80 million during the quarter, compared to the consensus estimate of $266.17 million. Iamgold had a positive return on equity of 1.14% and a negative net margin of 0.98%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share.

IAG has been the subject of several other research reports. TheStreet downgraded Iamgold from a “c-” rating to a “d+” rating in a report on Wednesday, October 31st. Royal Bank of Canada set a $6.00 price objective on Iamgold and gave the company a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded Iamgold from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. ValuEngine downgraded Iamgold from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, TD Securities restated a “buy” rating on shares of Iamgold in a report on Thursday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Iamgold has an average rating of “Hold” and an average price target of $6.68.

NYSE IAG opened at $3.13 on Friday. The company has a market cap of $1.55 billion, a PE ratio of 52.17, a PEG ratio of 9.25 and a beta of -0.19. Iamgold has a 52 week low of $3.08 and a 52 week high of $6.52. The company has a quick ratio of 3.80, a current ratio of 4.31 and a debt-to-equity ratio of 0.14.

Large investors have recently made changes to their positions in the stock. Sigma Planning Corp purchased a new position in shares of Iamgold during the second quarter valued at approximately $111,000. LPL Financial LLC boosted its position in shares of Iamgold by 201.3% during the first quarter. LPL Financial LLC now owns 64,503 shares of the mining company’s stock valued at $335,000 after buying an additional 43,098 shares during the last quarter. Fosun International Ltd purchased a new position in shares of Iamgold during the third quarter valued at approximately $366,000. OppenheimerFunds Inc. purchased a new position in shares of Iamgold during the second quarter valued at approximately $407,000. Finally, SG Americas Securities LLC boosted its position in shares of Iamgold by 635.9% during the third quarter. SG Americas Securities LLC now owns 131,823 shares of the mining company’s stock valued at $485,000 after buying an additional 113,909 shares during the last quarter. 53.42% of the stock is currently owned by institutional investors.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Qu├ębec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Earnings History and Estimates for Iamgold (NYSE:IAG)

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