Iamgold Corporation (IAG) to Release Quarterly Earnings on Wednesday
Iamgold Corporation (NYSE:IAG) (TSE:IMG) is set to announce its earnings results after the market closes on Wednesday, August 9th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Iamgold Corporation (NYSE:IAG) (TSE:IMG) last posted its earnings results on Tuesday, May 9th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $260.50 million for the quarter, compared to analysts’ expectations of $264.54 million. Iamgold Corporation had a negative net margin of 1.80% and a positive return on equity of 1.63%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. On average, analysts expect Iamgold Corporation to post $0.02 EPS for the current fiscal year and $0.11 EPS for the next fiscal year.
A number of equities research analysts have recently weighed in on IAG shares. TheStreet upgraded Iamgold Corporation from a “d+” rating to a “c” rating in a research note on Monday, April 10th. Credit Suisse Group upgraded Iamgold Corporation from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $4.50 to $5.00 in a research note on Wednesday, May 10th. Scotiabank upgraded Iamgold Corporation from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, May 10th. National Bank Financial restated an “outperform market weight” rating on shares of Iamgold Corporation in a research note on Sunday, May 14th. Finally, BMO Capital Markets set a $5.00 price target on Iamgold Corporation and gave the stock a “hold” rating in a research note on Tuesday, May 16th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Iamgold Corporation currently has a consensus rating of “Hold” and an average target price of $5.88.
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About Iamgold Corporation
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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