IGM Financial (IGIFF) Expected to Post Quarterly Earnings on Wednesday

IGM Financial (OTCMKTS:IGIFF) is anticipated to post its resultson Wednesday, July 29th. Analysts expect IGM Financial to announce earnings of $0.9030 per share and revenue of $733.3920 million for the quarter.

IGM Financial Trading Down 0.3%

IGM Financial stock opened at $59.71 on Wednesday. The stock has a 50-day moving average price of $57.05 and a two-hundred day moving average price of $52.03. IGM Financial has a 12 month low of $32.74 and a 12 month high of $62.00.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IGIFF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of IGM Financial in a research note on Monday, May 11th. BMO Capital Markets reiterated a “market perform” rating on shares of IGM Financial in a research report on Wednesday, July 15th. TD Securities reissued a “buy” rating on shares of IGM Financial in a report on Monday, May 11th. Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a report on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of IGM Financial in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, IGM Financial has a consensus rating of “Hold”.

IGM Financial Company Profile

IGM Financial Inc is a Canada-based wealth and asset management company that provides a range of financial planning and investment solutions to individual and institutional clients. Through its wholly owned subsidiaries—IG Wealth Management, Mackenzie Investments, and Investment Planning Counsel—the firm offers advisory services, mutual funds, segregated funds, and a suite of managed portfolio solutions designed to meet diverse investor needs. IGM’s business model centers on delivering fee-based and commission-based products through a network of financial advisors and distribution partners across Canada.

The company’s flagship arm, IG Wealth Management, operates one of the largest financial advisor networks in the country, offering advice on retirement planning, tax strategies, estate and legacy planning, and insurance products.