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%.

Other analysts have also issued reports about the company. National Bank Financial raised their price objective on IAMGOLD from C$9.75 to C$10.50 and gave the company an “outperform” rating in a research note on Friday, August 10th. Canaccord Genuity reduced their price objective on IAMGOLD from C$11.50 to C$10.50 in a research note on Tuesday, July 24th. Finally, CSFB reaffirmed a “neutral” rating on shares of IAMGOLD in a research note on Wednesday, September 26th.

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

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Earnings History and Estimates for IAMGOLD (TSE:IMG)

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