IAMGOLD (NYSE:IAG) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
IAMGOLD (NYSE:IAG) (TSE:IMG) announced its quarterly earnings data on Sunday. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03), MarketWatch Earnings reports. The firm had revenue of $297.40 million for the quarter, compared to analyst estimates of $319.79 million. IAMGOLD had a positive return on equity of 2.79% and a negative net margin of 31.53%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) earnings per share.
NYSE IAG traded down $0.23 during mid-day trading on Tuesday, hitting $3.08. The company’s stock had a trading volume of 443,226 shares, compared to its average volume of 5,295,180. The company’s 50 day simple moving average is $3.22 and its 200 day simple moving average is $3.42. IAMGOLD has a twelve month low of $2.86 and a twelve month high of $5.35. The company has a current ratio of 4.43, a quick ratio of 3.34 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -3.85, a PEG ratio of 2.02 and a beta of 0.81.
A number of equities research analysts have recently weighed in on IAG shares. Raymond James reduced their price target on shares of IAMGOLD from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 6th. CSFB lowered their price target on shares of IAMGOLD from $4.25 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, January 20th. Royal Bank of Canada upgraded shares of IAMGOLD to an “outperform” rating and raised their price target for the stock from $61.00 to $74.00 in a report on Thursday, January 14th. Zacks Investment Research downgraded shares of IAMGOLD from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 20th. Finally, Credit Suisse Group reduced their price objective on shares of IAMGOLD from $4.25 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, January 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. IAMGOLD currently has an average rating of “Hold” and an average price target of $12.01.
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso, West Africa; the Westwood mine located in Quebec, Canada.
Read More: Marijuana Stocks
Receive News & Ratings for IAMGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAMGOLD and related companies with MarketBeat.com's FREE daily email newsletter.