IAMGOLD (IAG) Scheduled to Post Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings data on Thursday, August 8th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. IAMGOLD had a net margin of 10.36% and a return on equity of 6.70%. The firm had revenue of $385.30 million during the quarter. During the same quarter in the prior year, the company posted ($0.01) earnings per share. On average, analysts expect IAMGOLD to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IAMGOLD Price Performance

NYSE IAG opened at $5.29 on Tuesday. IAMGOLD has a fifty-two week low of $2.11 and a fifty-two week high of $6.37. The stock’s 50-day moving average is $5.25 and its two-hundred day moving average is $4.47. The firm has a market cap of $3.02 billion, a P/E ratio of 21.16 and a beta of 1.57. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.34 and a quick ratio of 0.90.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IAG shares. Scotiabank upped their target price on IAMGOLD from $4.75 to $5.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. CIBC upped their price target on shares of IAMGOLD from $5.40 to $6.40 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. National Bank Financial upgraded IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.68.

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.