IAMGOLD (NYSE:IAG) Releases Earnings Results, Misses Estimates By $0.05 EPS

IAMGOLD (NYSE:IAG) (TSE:IMG) posted its earnings results on Thursday. The mining company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05), Zacks reports. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%.

IAMGOLD Stock Performance

Shares of IAMGOLD stock traded up $0.10 on Thursday, reaching $6.32. 14,642,955 shares of the stock were exchanged, compared to its average volume of 12,199,569. IAMGOLD has a 1-year low of $2.48 and a 1-year high of $6.69. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $5.74 and a two-hundred day moving average price of $5.39. The firm has a market capitalization of $3.61 billion, a PE ratio of 4.93 and a beta of 1.56.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 2nd. Raymond James upgraded shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Cibc World Mkts upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Three investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.