Brokers Offer Predictions for Iamgold’s Q1 2018 Earnings (IMG)
Iamgold (TSE:IMG) (NYSE:IAG) – Equities researchers at Desjardins increased their Q1 2018 earnings per share (EPS) estimates for shares of Iamgold in a research note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now anticipates that the mining company will earn $0.04 per share for the quarter, up from their prior forecast of $0.02. Desjardins also issued estimates for Iamgold’s Q3 2019 earnings at $0.06 EPS.
Iamgold (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported C($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.07). The business had revenue of C$369.67 million for the quarter. Iamgold had a negative net margin of 5.81% and a negative return on equity of 2.54%.
Iamgold stock opened at C$7.03 on Tuesday. Iamgold has a 52-week low of C$4.89 and a 52-week high of C$8.87.
In other news, insider Benjamin Richard Little sold 13,476 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of C$6.61, for a total value of C$89,076.36. Also, insider Jeffery Alexander Snow sold 15,524 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of C$7.85, for a total transaction of C$121,863.40. In the last three months, insiders sold 162,825 shares of company stock worth $1,261,466.
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Iamgold Company Profile
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Québec, Canada; the Sadiola Gold Mine located in southwest Mali, West Africa; and Yatela gold mines situated in southwest Mali, West Africa.
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