Iamgold Corp (NYSE:IAG) (TSE:IMG) – Equities researchers at Raymond James upped their Q4 2019 earnings per share (EPS) estimates for Iamgold in a note issued to investors on Friday, October 18th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.07 per share for the quarter, up from their previous estimate of $0.06. Raymond James has a “Market Perform” rating and a $4.00 price target on the stock.

Iamgold (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings results on Wednesday, August 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). The firm had revenue of $246.50 million during the quarter, compared to the consensus estimate of $272.94 million. Iamgold had a negative return on equity of 1.45% and a negative net margin of 9.84%. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Iamgold from a “buy” rating to a “hold” rating in a research note on Friday. CIBC reiterated an “average” rating on shares of Iamgold in a research note on Sunday, August 4th. CSFB cut shares of Iamgold from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $4.75 to $3.75 in a research note on Thursday, August 8th. Credit Suisse Group cut shares of Iamgold from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Iamgold in a research report on Friday, July 19th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $4.12.

Shares of Iamgold stock opened at $3.40 on Monday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 56.67, a PEG ratio of 52.30 and a beta of -0.10. The firm’s 50-day moving average is $3.59 and its 200 day moving average is $3.29. Iamgold has a 1 year low of $2.28 and a 1 year high of $4.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.14 and a quick ratio of 3.05.

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC raised its position in Iamgold by 7.3% in the 2nd quarter. SG Americas Securities LLC now owns 129,316 shares of the mining company’s stock worth $437,000 after buying an additional 8,852 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in Iamgold by 8.2% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 144,850 shares of the mining company’s stock worth $490,000 after buying an additional 11,000 shares during the last quarter. Brookstone Capital Management purchased a new position in Iamgold in the 3rd quarter worth about $38,000. Ladenburg Thalmann Financial Services Inc. raised its position in Iamgold by 33.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,263 shares of the mining company’s stock worth $163,000 after buying an additional 12,196 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new position in Iamgold in the 3rd quarter worth about $77,000. 57.24% of the stock is owned by institutional investors and hedge funds.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Earnings History and Estimates for Iamgold (NYSE:IAG)

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