IAMGOLD (IMG) Set to Announce Quarterly Earnings on Thursday

IAMGOLD (TSE:IMG) (NYSE:IAG) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.09 per share for the quarter.

IAMGOLD (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings results on Thursday, May 9th. The mining company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.12. IAMGOLD had a net margin of 12.48% and a return on equity of 6.57%. The company had revenue of C$456.89 million during the quarter.

IAMGOLD Trading Down 3.2 %

Shares of IMG stock opened at C$5.19 on Wednesday. The company has a 50 day moving average of C$5.35 and a 200-day moving average of C$4.73. The company has a quick ratio of 1.19, a current ratio of 0.91 and a debt-to-equity ratio of 40.77. IAMGOLD has a 12-month low of C$2.71 and a 12-month high of C$6.24. The firm has a market cap of C$2.58 billion, a P/E ratio of 13.55, a PEG ratio of -0.28 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IMG. Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Canaccord Genuity Group lifted their price objective on shares of IAMGOLD from C$5.50 to C$6.00 in a research note on Tuesday, July 23rd. Bank of America lifted their price objective on shares of IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Finally, National Bankshares lifted their price objective on shares of IAMGOLD from C$6.50 to C$6.75 and gave the company a “sector perform” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$5.09.

About IAMGOLD

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.