Wall Street analysts expect that IAMGOLD Corp (NYSE:IAG) (TSE:IMG) will report earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for IAMGOLD’s earnings, with estimates ranging from $0.01 to $0.03. IAMGOLD posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The business is expected to report its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that IAMGOLD will report full year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.12. For the next financial year, analysts forecast that the business will report earnings of $0.09 per share, with EPS estimates ranging from $0.02 to $0.20. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow IAMGOLD.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Tuesday, November 7th. The mining company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $268.80 million during the quarter, compared to the consensus estimate of $268.62 million. IAMGOLD had a net margin of 48.66% and a return on equity of 1.81%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share.

Several equities research analysts recently issued reports on the stock. Scotiabank reissued a “hold” rating on shares of IAMGOLD in a research report on Tuesday, November 14th. BMO Capital Markets set a $7.00 target price on shares of IAMGOLD and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Desjardins reissued a “buy” rating on shares of IAMGOLD in a research report on Monday, December 11th. Canaccord Genuity cut shares of IAMGOLD from a “buy” rating to a “hold” rating and set a $8.07 target price on the stock. in a research report on Friday, September 29th. Finally, Royal Bank of Canada set a $8.00 target price on shares of IAMGOLD and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $7.07.

IAMGOLD (NYSE IAG) traded down $0.01 on Monday, hitting $6.15. 4,451,556 shares of the company traded hands, compared to its average volume of 5,276,558. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.78 and a quick ratio of 3.85. IAMGOLD has a twelve month low of $3.36 and a twelve month high of $7.25. The firm has a market capitalization of $2,870.00, a PE ratio of 5.64, a PEG ratio of 23.14 and a beta of -0.57.

A number of hedge funds have recently made changes to their positions in IAG. Royal Bank of Canada lifted its position in IAMGOLD by 496.5% during the second quarter. Royal Bank of Canada now owns 4,484,298 shares of the mining company’s stock valued at $23,138,000 after buying an additional 3,732,543 shares in the last quarter. Heartland Advisors Inc. lifted its position in IAMGOLD by 372.1% during the third quarter. Heartland Advisors Inc. now owns 3,634,511 shares of the mining company’s stock valued at $22,222,000 after buying an additional 2,864,661 shares in the last quarter. JPMorgan Chase & Co. lifted its position in IAMGOLD by 560.2% during the second quarter. JPMorgan Chase & Co. now owns 2,688,430 shares of the mining company’s stock valued at $13,873,000 after buying an additional 2,281,226 shares in the last quarter. Fiera Capital Corp lifted its position in IAMGOLD by 7,802.7% during the second quarter. Fiera Capital Corp now owns 1,473,546 shares of the mining company’s stock valued at $7,588,000 after buying an additional 1,454,900 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its position in IAMGOLD by 21.1% during the third quarter. Tocqueville Asset Management L.P. now owns 8,294,577 shares of the mining company’s stock valued at $50,597,000 after buying an additional 1,444,277 shares in the last quarter. 55.92% of the stock is currently owned by hedge funds and other institutional investors.

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About IAMGOLD

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

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Earnings History and Estimates for IAMGOLD (NYSE:IAG)

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