Q3 2018 EPS Estimates for IAMGOLD Corp Cut by Analyst (IMG)
IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark lowered their Q3 2018 earnings per share (EPS) estimates for IAMGOLD in a note issued to investors on Tuesday, October 16th. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.03.
IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Wednesday, August 8th. The mining company reported C$0.04 earnings per share for the quarter, beating the consensus estimate of C$0.01 by C$0.03. The business had revenue of C$358.02 million for the quarter. IAMGOLD had a negative return on equity of 2.54% and a negative net margin of 5.81%.
TSE:IMG opened at C$5.05 on Wednesday. IAMGOLD has a twelve month low of C$4.65 and a twelve month high of C$8.20.
In other news, Director Sybil Elsa Veenman purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were purchased at an average cost of C$6.40 per share, with a total value of C$32,000.00. Also, Director Ronald Peter Gagel purchased 10,000 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were purchased at an average cost of C$4.90 per share, for a total transaction of C$49,000.00.
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 interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.
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