IAMGOLD (IAG) to Release Quarterly Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) is expected to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $498.68 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

IAMGOLD Stock Performance

Shares of IAMGOLD stock opened at $6.38 on Wednesday. IAMGOLD has a 52 week low of $2.48 and a 52 week high of $6.69. The company has a market capitalization of $3.64 billion, a PE ratio of 4.98 and a beta of 1.56. The stock’s fifty day moving average is $5.72 and its two-hundred day moving average is $5.36. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price target on shares of IAMGOLD in a research report on Tuesday, October 22nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, StockNews.com raised IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, IAMGOLD presently has an average rating of “Moderate Buy” and a consensus target price of $6.57.

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.