Iamgold Corp (NYSE:IAG) (TSE:IMG) – Analysts at Desjardins reduced their FY2018 earnings per share estimates for Iamgold in a report released on Monday, January 7th. Desjardins analyst J. Wolfson now anticipates that the mining company will post earnings of $0.10 per share for the year, down from their prior estimate of $0.11. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Iamgold’s Q4 2018 earnings at $0.00 EPS.

Iamgold (NYSE:IAG) (TSE:IMG) last released its earnings results on Tuesday, November 6th. The mining company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $244.80 million for the quarter, compared to the consensus estimate of $266.17 million. Iamgold had a negative net margin of 0.98% and a positive return on equity of 1.14%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS.

Other analysts also recently issued reports about the stock. Canaccord Genuity reaffirmed a “buy” rating on shares of Iamgold in a research report on Sunday, October 21st. TD Securities reaffirmed a “buy” rating on shares of Iamgold in a research report on Thursday, November 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $7.00 target price on shares of Iamgold in a research report on Friday, September 21st. National Bank Financial reaffirmed a “buy” rating on shares of Iamgold in a research report on Monday, November 12th. Finally, ValuEngine raised shares of Iamgold from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Iamgold has a consensus rating of “Buy” and an average price target of $6.54.

NYSE:IAG opened at $3.83 on Thursday. The stock has a market capitalization of $1.79 billion, a PE ratio of 63.83, a price-to-earnings-growth ratio of 12.99 and a beta of -0.38. The company has a current ratio of 4.31, a quick ratio of 3.40 and a debt-to-equity ratio of 0.14. Iamgold has a 1-year low of $2.75 and a 1-year high of $6.52.

A number of hedge funds have recently made changes to their positions in IAG. BlackRock Inc. grew its position in Iamgold by 17.8% during the 2nd quarter. BlackRock Inc. now owns 345,591 shares of the mining company’s stock valued at $2,008,000 after purchasing an additional 52,340 shares during the last quarter. FMR LLC grew its position in Iamgold by 65.2% during the 2nd quarter. FMR LLC now owns 3,032,450 shares of the mining company’s stock valued at $17,669,000 after purchasing an additional 1,197,000 shares during the last quarter. OppenheimerFunds Inc. purchased a new stake in Iamgold during the 2nd quarter valued at about $407,000. Dynamic Technology Lab Private Ltd purchased a new stake in Iamgold during the 2nd quarter valued at about $647,000. Finally, Schroder Investment Management Group grew its position in Iamgold by 205.1% during the 2nd quarter. Schroder Investment Management Group now owns 623,110 shares of the mining company’s stock valued at $4,533,000 after purchasing an additional 418,900 shares during the last quarter. 55.41% 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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