IAMGOLD (TSE:IMG) Releases Quarterly Earnings Results

IAMGOLD (TSE:IMG) (NYSE:IAG) issued its quarterly earnings data on Thursday. The mining company reported C$0.60 earnings per share for the quarter, FiscalAI reports. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%. The business had revenue of C$1.22 billion for the quarter.

IAMGOLD Trading Down 0.1%

Shares of TSE:IMG traded down C$0.02 during mid-day trading on Thursday, reaching C$24.46. 2,838,686 shares of the company’s stock were exchanged, compared to its average volume of 1,901,565. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.19 and a current ratio of 1.71. IAMGOLD has a twelve month low of C$16.90 and a twelve month high of C$34.09. The firm has a market capitalization of C$13.97 billion, a price-to-earnings ratio of 12.35, a PEG ratio of -0.28 and a beta of 2.54. The business’s fifty day moving average price is C$26.25 and its 200-day moving average price is C$25.46.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IMG shares. TD set a C$34.00 price target on IAMGOLD and gave the company a “buy” rating in a research note on Tuesday, October 20th. Jefferies Financial Group raised IAMGOLD to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, National Bank Financial raised their price objective on shares of IAMGOLD from C$32.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$35.83.

IAMGOLD Company Profile

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.