Equities research analysts predict that Iamgold Corp (NYSE:IAG) (TSE:IMG) will post earnings per share of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Iamgold’s earnings, with estimates ranging from $0.04 to $0.07. Iamgold posted earnings of ($0.03) per share in the same quarter last year, which would indicate a positive year over year growth rate of 266.7%. The firm is expected to report its next quarterly earnings report on Wednesday, February 19th.

On average, analysts expect that Iamgold will report full year earnings of $0.03 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.07. For the next year, analysts anticipate that the business will post earnings of $0.22 per share, with EPS estimates ranging from $0.16 to $0.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Iamgold.

Several equities research analysts have weighed in on IAG shares. CSFB cut Iamgold from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $4.75 to $3.75 in a report on Thursday, August 8th. Raymond James reiterated a “market perform” rating and issued a $5.00 price objective on shares of Iamgold in a report on Friday, November 8th. Royal Bank of Canada reiterated a “buy” rating on shares of Iamgold in a report on Friday, October 25th. GMP Securities cut Iamgold from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Credit Suisse Group cut Iamgold from an “outperform” rating to a “neutral” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.26.

NYSE IAG traded up $0.08 on Monday, hitting $3.62. The company’s stock had a trading volume of 4,718,654 shares, compared to its average volume of 5,415,130. Iamgold has a 52-week low of $2.28 and a 52-week high of $4.16. The company has a current ratio of 4.07, a quick ratio of 2.98 and a debt-to-equity ratio of 0.15. The company’s 50-day simple moving average is $3.57 and its 200 day simple moving average is $3.32. The firm has a market cap of $1.66 billion, a P/E ratio of 60.33, a PEG ratio of 44.67 and a beta of -0.02.

In other news, insider Harmer Peter sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $7.93, for a total value of $792,500.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management purchased a new position in Iamgold during the third quarter valued at $38,000. Cetera Advisors LLC purchased a new position in Iamgold during the second quarter valued at $49,000. Ropes Wealth Advisors LLC purchased a new position in Iamgold during the third quarter valued at $72,000. Cerebellum GP LLC purchased a new position in Iamgold during the third quarter valued at $77,000. Finally, Clean Yield Group raised its stake in Iamgold by 168.8% during the second quarter. Clean Yield Group now owns 43,000 shares of the mining company’s stock valued at $145,000 after buying an additional 27,000 shares during the last quarter. Institutional investors own 58.97% of the company’s stock.

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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