IAMGOLD (TSE:IMG) Releases Earnings Results

IAMGOLD (TSE:IMG) (NYSE:IAG) posted its earnings results on Tuesday. The mining company reported C$0.95 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$1.46 billion for the quarter. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%.

IAMGOLD Stock Performance

TSE:IMG traded down C$1.12 during mid-day trading on Tuesday, hitting C$28.40. The company’s stock had a trading volume of 1,963,167 shares, compared to its average volume of 2,536,377. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The business’s fifty day moving average is C$25.14 and its two-hundred day moving average is C$19.40. IAMGOLD has a 1 year low of C$7.27 and a 1 year high of C$30.54. The stock has a market cap of C$16.84 billion, a price-to-earnings ratio of 49.82, a PEG ratio of -0.28 and a beta of 1.60.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Securities lifted their target price on IAMGOLD from C$24.00 to C$34.00 in a report on Thursday, January 22nd. Stifel Nicolaus lifted their price objective on shares of IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. Finally, National Bank Financial boosted their price objective on shares of IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, IAMGOLD currently has a consensus rating of “Buy” and a consensus price target of C$27.17.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.