IAMGOLD Corp (NYSE:IAG) (TSE:IMG) – Equities research analysts at Desjardins decreased their FY2017 EPS estimates for shares of IAMGOLD in a research note issued on Friday. Desjardins analyst J. Wolfson now expects that the mining company will earn $0.12 per share for the year, down from their previous estimate of $0.13. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for IAMGOLD’s Q4 2017 earnings at $0.03 EPS.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Monday, October 23rd. Canaccord Genuity downgraded shares of IAMGOLD from a “buy” rating to a “hold” rating and set a $8.07 price target on the stock. in a research report on Friday, September 29th. BMO Capital Markets reiterated a “buy” rating and set a $8.00 price target on shares of IAMGOLD in a research report on Monday, October 2nd. Royal Bank of Canada set a $7.00 price target on shares of IAMGOLD and gave the stock a “hold” rating in a research report on Friday, November 10th. Finally, Scotiabank reiterated a “hold” rating on shares of IAMGOLD in a research report on Tuesday, November 14th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $7.01.

IAMGOLD (IAG) opened at $6.08 on Monday. The stock has a market cap of $2,830.00, a PE ratio of 5.58, a P/E/G ratio of 23.03 and a beta of -0.57. The company has a current ratio of 4.78, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. IAMGOLD has a 52-week low of $3.36 and a 52-week high of $7.25.

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

A number of institutional investors have recently added to or reduced their stakes in IAG. Swiss National Bank lifted its position in IAMGOLD by 2.5% during the 2nd quarter. Swiss National Bank now owns 770,100 shares of the mining company’s stock valued at $3,973,000 after purchasing an additional 18,800 shares during the period. JPMorgan Chase & Co. lifted its position in IAMGOLD by 560.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,688,430 shares of the mining company’s stock valued at $13,873,000 after purchasing an additional 2,281,226 shares during the period. Franklin Resources Inc. lifted its position in IAMGOLD by 1.2% during the 2nd quarter. Franklin Resources Inc. now owns 5,452,000 shares of the mining company’s stock valued at $28,132,000 after purchasing an additional 65,000 shares during the period. Alliancebernstein L.P. lifted its position in IAMGOLD by 171.9% during the 2nd quarter. Alliancebernstein L.P. now owns 32,900 shares of the mining company’s stock valued at $170,000 after purchasing an additional 20,800 shares during the period. Finally, Fiera Capital Corp lifted its position in IAMGOLD by 7,802.7% during the 2nd quarter. Fiera Capital Corp now owns 1,473,546 shares of the mining company’s stock valued at $7,588,000 after purchasing an additional 1,454,900 shares during the period. Institutional investors own 56.04% of the company’s stock.

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IAMGOLD 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.

Earnings History and Estimates for IAMGOLD (NYSE:IAG)

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