IAMGOLD (IMG) Scheduled to Post Quarterly Earnings on Thursday

IAMGOLD (TSE:IMG) (NYSE:IAG) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.02 per share for the quarter.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The company had revenue of C$405.19 million for the quarter.

IAMGOLD Trading Up 1.4 %

Shares of TSE IMG opened at C$5.18 on Wednesday. The business’s 50 day moving average is C$4.58 and its two-hundred day moving average is C$3.77. The company has a debt-to-equity ratio of 42.05, a current ratio of 1.20 and a quick ratio of 1.19. IAMGOLD has a 1-year low of C$2.71 and a 1-year high of C$5.38. The stock has a market capitalization of C$2.57 billion, a P/E ratio of 21.58, a PEG ratio of -0.28 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IMG shares. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. National Bankshares boosted their price objective on IAMGOLD from C$6.25 to C$6.50 in a report on Friday, April 19th. Stifel Nicolaus increased their target price on IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Bank of America lifted their target price on IAMGOLD from C$4.40 to C$6.20 in a research report on Tuesday, April 9th. Finally, Canaccord Genuity Group raised their price target on shares of IAMGOLD from C$3.75 to C$5.50 in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, IAMGOLD has an average rating of “Hold” and a consensus target price of C$4.99.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.