IAMGOLD Corp to Post Q3 2017 Earnings of $0.03 Per Share, Cormark Forecasts (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Analysts at Cormark raised their Q3 2017 EPS estimates for shares of IAMGOLD Corp in a research note issued to investors on Monday. Cormark analyst R. Gray now expects that the mining company will earn $0.03 per share for the quarter, up from their previous forecast of ($0.04).
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Several other brokerages have also recently commented on IMG. National Bank Financial boosted their price objective on shares of IAMGOLD Corp from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, September 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$7.50 price objective on shares of IAMGOLD Corp in a research note on Wednesday, September 6th. Canaccord Genuity reduced their price objective on shares of IAMGOLD Corp from C$10.00 to C$9.75 in a research note on Wednesday, September 6th. Raymond James Financial, Inc. boosted their price objective on shares of IAMGOLD Corp to C$9.00 and gave the company a “market perform” rating in a research note on Friday, September 8th. Finally, TD Securities reduced their price objective on shares of IAMGOLD Corp from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. IAMGOLD Corp has an average rating of “Hold” and an average price target of C$8.22.
Shares of IAMGOLD Corp (TSE:IMG) opened at 7.09 on Wednesday. The firm has a market cap of $3.30 billion and a price-to-earnings ratio of 6.46. The company’s 50 day moving average is $8.00 and its 200 day moving average is $6.70. IAMGOLD Corp has a 52-week low of $4.24 and a 52-week high of $8.87.
In other IAMGOLD Corp news, insider Craig Stephen Macdougall sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of C$8.27, for a total value of C$115,780.00.
IAMGOLD Corp Company Profile
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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