IAMGOLD (IAG) Scheduled to Post Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

IAMGOLD (NYSE:IAG) (TSE:IMG) last released its quarterly earnings data on Thursday, August 8th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The business had revenue of $385.30 million during the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 6.70%. During the same period last year, the firm posted ($0.01) earnings per share. On average, analysts expect IAMGOLD to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IAMGOLD Stock Performance

NYSE:IAG opened at $5.33 on Wednesday. IAMGOLD has a 12 month low of $2.11 and a 12 month high of $6.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.34 and a quick ratio of 0.90. The firm has a market capitalization of $3.04 billion, a PE ratio of 21.32 and a beta of 1.57. The business’s fifty day moving average price is $5.25 and its 200 day moving average price is $4.48.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IAG. CIBC increased their price objective on IAMGOLD from $5.40 to $6.40 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. National Bank Financial upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of IAMGOLD from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th. Scotiabank increased their target price on shares of IAMGOLD from $4.75 to $5.50 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and boosted their price target for the company from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.68.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.