Desjardins Weighs in on Iamgold Corp’s FY2018 Earnings (IMG)
Iamgold Corp (TSE:IMG) (NYSE:IAG) – Analysts at Desjardins dropped their FY2018 EPS estimates for Iamgold in a report issued on Friday, November 16th. Desjardins analyst J. Wolfson now forecasts that the mining company will post earnings per share of $0.13 for the year, down from their prior estimate of $0.16. Desjardins also issued estimates for Iamgold’s Q4 2018 earnings at $0.00 EPS.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity lowered their price target on Iamgold from C$10.50 to C$9.25 in a research report on Thursday, October 18th. TD Securities lowered their price target on Iamgold from C$10.50 to C$10.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th. CSFB restated a “neutral” rating on shares of Iamgold in a research report on Wednesday, September 26th. Finally, National Bank Financial lowered their price target on Iamgold from C$9.25 to C$8.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th.
In related news, Director Ronald Peter Gagel acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were purchased at an average price of C$4.90 per share, for a total transaction of C$49,000.00.
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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