IAMGOLD (TSE:IMG) Announces Earnings Results

IAMGOLD (TSE:IMG) (NYSE:IAG) posted its quarterly earnings results on Tuesday. The mining company reported C$0.93 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$1.43 billion for the quarter. IAMGOLD had a net margin of 23.37% and a return on equity of 18.40%.

IAMGOLD Stock Performance

Shares of IMG stock opened at C$22.16 on Wednesday. IAMGOLD has a 52 week low of C$8.46 and a 52 week high of C$34.09. The company has a market cap of C$12.90 billion, a PE ratio of 19.44, a P/E/G ratio of -0.28 and a beta of 2.11. The company has a current ratio of 1.75, a quick ratio of 1.19 and a debt-to-equity ratio of 20.08. The company’s fifty day simple moving average is C$26.73 and its 200-day simple moving average is C$24.06.

Analyst Ratings Changes

A number of equities analysts have weighed in on IMG shares. TD Securities increased their price target on shares of IAMGOLD from C$34.00 to C$36.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. National Bank Financial increased their price target on shares of IAMGOLD from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Bank of America increased their price target on shares of IAMGOLD from C$32.50 to C$38.00 in a research note on Thursday, February 26th. Stifel Nicolaus raised their target price on shares of IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. Finally, BMO Capital Markets raised their target price on shares of IAMGOLD from C$27.00 to C$32.00 in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, IAMGOLD presently has an average rating of “Moderate Buy” and a consensus target price of C$32.07.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.