Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Equities researchers at Cormark cut their Q3 2017 earnings per share (EPS) estimates for Iamgold Corporation in a research note issued to investors on Thursday. Cormark analyst R. Gray now forecasts that the mining company will earn ($0.03) per share for the quarter, down from their previous forecast of ($0.02). Cormark also issued estimates for Iamgold Corporation’s FY2017 earnings at ($0.03) EPS.
Iamgold Corporation (NYSE:IAG) (TSE:IMG) last announced its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $274.50 million during the quarter, compared to the consensus estimate of $267.07 million. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share.
ILLEGAL ACTIVITY WARNING: This article was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://sportsperspectives.com/2017/09/11/q3-2017-earnings-estimate-for-iamgold-corporation-issued-by-cormark-iag.html.
A number of other research analysts have also issued reports on IAG. National Bank Financial reissued an “outperform market weight” rating on shares of Iamgold Corporation in a research note on Sunday, May 14th. Raymond James Financial, Inc. boosted their target price on shares of Iamgold Corporation from $6.00 to $7.25 and gave the company a “market perform” rating in a research note on Thursday. BidaskClub raised shares of Iamgold Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Iamgold Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, TheStreet raised shares of Iamgold Corporation from a “c-” rating to a “b” rating in a research note on Thursday, August 17th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.71.
Shares of Iamgold Corporation (IAG) opened at 7.03 on Monday. The firm has a market cap of $3.27 billion, a P/E ratio of 6.41 and a beta of -0.40. The company has a 50-day moving average of $5.79 and a 200-day moving average of $4.75. Iamgold Corporation has a 12 month low of $3.14 and a 12 month high of $7.25.
Several large investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Iamgold Corporation by 3.5% in the 1st quarter. Van ECK Associates Corp now owns 85,304,445 shares of the mining company’s stock worth $341,218,000 after acquiring an additional 2,911,229 shares during the period. Renaissance Technologies LLC lifted its stake in Iamgold Corporation by 4.9% during the second quarter. Renaissance Technologies LLC now owns 18,851,800 shares of the mining company’s stock valued at $97,275,000 after purchasing an additional 873,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in Iamgold Corporation by 9.7% during the second quarter. Vanguard Group Inc. now owns 9,492,363 shares of the mining company’s stock valued at $48,980,000 after purchasing an additional 838,766 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in Iamgold Corporation by 183.9% during the second quarter. Tocqueville Asset Management L.P. now owns 6,850,300 shares of the mining company’s stock valued at $35,348,000 after purchasing an additional 4,437,200 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Iamgold Corporation by 1.2% during the second quarter. Franklin Resources Inc. now owns 5,452,000 shares of the mining company’s stock valued at $28,132,000 after purchasing an additional 65,000 shares during the last quarter. 56.35% of the stock is owned by institutional investors.
About Iamgold Corporation
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.
Receive News & Ratings for Iamgold Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iamgold Corporation and related companies with MarketBeat.com's FREE daily email newsletter.