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.

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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%.

A number of other equities research analysts also recently issued reports on IMG. Canaccord Genuity upped their price target on shares of Iamgold from C$9.00 to C$10.50 in a research note on Friday, January 19th. National Bank Financial decreased their price target on shares of Iamgold from C$10.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$8.53.

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 Qu├ębec, Canada; the Sadiola Gold Mine located in southwest Mali, West Africa; and Yatela gold mines situated in southwest Mali, West Africa.

Earnings History and Estimates for Iamgold (TSE:IMG)

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