IAMGOLD (IMG) Scheduled to Post Earnings on Thursday

IAMGOLD (TSE:IMG) (NYSE:IAG) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect IAMGOLD to post earnings of C$0.15 per share for the quarter.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.10. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. The firm had revenue of C$527.18 million for the quarter.

IAMGOLD Stock Down 1.2 %

IMG opened at C$7.92 on Thursday. IAMGOLD has a fifty-two week low of C$2.87 and a fifty-two week high of C$8.80. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm’s fifty day moving average price is C$7.15 and its two-hundred day moving average price is C$6.02. The company has a market capitalization of C$4.52 billion, a P/E ratio of 24.75, a P/E/G ratio of -0.28 and a beta of 1.47.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IMG. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, National Bankshares boosted their target price on shares of IAMGOLD from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$6.91.

Insider Activity

In related news, Senior Officer Bruno Lemelin sold 14,000 shares of IAMGOLD stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. 0.10% of the stock is owned by corporate insiders.

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.