IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Stock analysts at National Bank Financial boosted their FY2018 earnings per share estimates for shares of IAMGOLD Corp in a research note issued to investors on Wednesday. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings per share of $0.02 for the year, up from their prior forecast of $0.01. National Bank Financial currently has a “Outperform” rating and a $9.00 target price on the stock. National Bank Financial also issued estimates for IAMGOLD Corp’s FY2019 earnings at $0.09 EPS.
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Several other research analysts have also recently issued reports on the company. Canaccord Genuity cut their price objective on IAMGOLD Corp from C$10.00 to C$9.75 in a research report on Wednesday, September 6th. Scotiabank increased their price objective on IAMGOLD Corp to C$8.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 8th. BMO Capital Markets reiterated a “market perform” rating and issued a C$5.00 price objective on shares of IAMGOLD Corp in a research report on Wednesday, June 7th. CIBC increased their price objective on IAMGOLD Corp from C$5.00 to C$5.75 in a research report on Wednesday, June 7th. Finally, TD Securities increased their price objective on IAMGOLD Corp from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research report on Wednesday, June 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$8.25.
Shares of IAMGOLD Corp (IMG) traded up 1.15% during trading on Monday, hitting $7.90. 347,808 shares of the company traded hands. IAMGOLD Corp has a 52-week low of $4.18 and a 52-week high of $8.87. The company has a 50-day moving average of $7.60 and a 200-day moving average of $6.35. The stock has a market capitalization of $3.67 billion and a PE ratio of 7.20.
About IAMGOLD Corp
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.
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