IAMGOLD (IAG) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

IAMGOLD (NYSE:IAG) (TSE:IMG) released its earnings results on Wednesday. The mining company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05), Briefing.com reports. IAMGOLD had a return on equity of 1.81% and a net margin of 48.66%. The business had revenue of $291.10 million for the quarter, compared to analyst estimates of $280.04 million. During the same period in the prior year, the business earned ($0.01) EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis.

Shares of IAMGOLD (NYSE IAG) traded up $0.08 during trading hours on Friday, reaching $5.42. The company’s stock had a trading volume of 441,629 shares, compared to its average volume of 5,167,892. The company has a market capitalization of $2,730.04, a price-to-earnings ratio of 58.60, a P/E/G ratio of 23.25 and a beta of -0.31. The company has a current ratio of 4.78, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. IAMGOLD has a 1-year low of $3.36 and a 1-year high of $7.25.

Several brokerages have issued reports on IAG. Scotiabank reiterated a “hold” rating on shares of IAMGOLD in a report on Tuesday, November 14th. BMO Capital Markets lowered IAMGOLD to a “hold” rating in a report on Friday, February 16th. Zacks Investment Research lowered IAMGOLD from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Canaccord Genuity upgraded IAMGOLD from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Finally, Desjardins reiterated a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $7.07.

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About IAMGOLD

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.

Earnings History for IAMGOLD (NYSE:IAG)

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