Cormark Research Analysts Decrease Earnings Estimates for IAMGOLD Corp (IMG)

IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Research analysts at Cormark cut their Q3 2017 earnings per share (EPS) estimates for shares of IAMGOLD Corp in a research report issued to clients and investors on Thursday. Cormark analyst R. Gray now forecasts that the mining company will post earnings of ($0.04) per share for the quarter, down from their prior estimate of ($0.03). Cormark also issued estimates for IAMGOLD Corp’s Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.04) EPS and Q3 2018 earnings at $0.02 EPS.

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Several other equities research analysts have also recently commented on the company. Canaccord Genuity boosted their target price on IAMGOLD Corp from C$9.25 to C$9.50 in a research note on Thursday, July 27th. Scotiabank boosted their target price on IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a report on Thursday, June 8th. BMO Capital Markets reissued a “market perform” rating and set a C$5.00 target price on shares of IAMGOLD Corp in a report on Wednesday, June 7th. National Bank Financial boosted their target price on IAMGOLD Corp from C$7.75 to C$8.50 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, CIBC boosted their target price on IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$8.25.

Shares of IAMGOLD Corp (IMG) opened at 8.52 on Monday. The company has a 50 day moving average of $7.27 and a 200 day moving average of $6.20. The firm has a market cap of $3.96 billion and a PE ratio of 7.77. IAMGOLD Corp has a 52 week low of $4.18 and a 52 week high of $8.87.

In related news, insider Carol Banducci sold 45,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total transaction of C$302,400.00.

IAMGOLD Corp Company Profile

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

Earnings History and Estimates for IAMGOLD Corp (TSE:IMG)

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