IAMGOLD (IAG) Set to Announce Earnings on Tuesday

IAMGOLD (NYSE:IAGGet Rating) (TSE:IMG) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 3rd. Parties interested in participating in the company’s conference call can do so using this link.

IAMGOLD (NYSE:IAGGet Rating) (TSE:IMG) last released its earnings results on Wednesday, February 23rd. The mining company reported $0.09 earnings per share (EPS) for the quarter. IAMGOLD had a positive return on equity of 1.07% and a negative net margin of 22.09%. The firm had revenue of $294.60 million for the quarter, compared to analysts’ expectations of $296.07 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, analysts expect IAMGOLD to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

IAMGOLD stock opened at $2.96 on Tuesday. IAMGOLD has a 12-month low of $2.16 and a 12-month high of $3.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.12 and a current ratio of 1.63. The company has a 50-day simple moving average of $3.34. The company has a market capitalization of $1.41 billion, a PE ratio of -5.48, a PEG ratio of 44.31 and a beta of 1.09.

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its stake in IAMGOLD by 47.1% in the third quarter. LPL Financial LLC now owns 28,206 shares of the mining company’s stock valued at $64,000 after buying an additional 9,025 shares during the period. BlackRock Inc. lifted its stake in IAMGOLD by 37.3% in the fourth quarter. BlackRock Inc. now owns 58,532 shares of the mining company’s stock valued at $183,000 after buying an additional 15,894 shares during the period. Vident Investment Advisory LLC lifted its stake in IAMGOLD by 66.9% in the fourth quarter. Vident Investment Advisory LLC now owns 74,949 shares of the mining company’s stock valued at $234,000 after buying an additional 30,051 shares during the period. Cubist Systematic Strategies LLC acquired a new position in IAMGOLD in the third quarter valued at approximately $227,000. Finally, Millennium Management LLC lifted its stake in IAMGOLD by 339.4% in the second quarter. Millennium Management LLC now owns 136,536 shares of the mining company’s stock valued at $403,000 after buying an additional 105,461 shares during the period. 46.66% of the stock is currently owned by hedge funds and other institutional investors.

IAG has been the topic of several research reports. Royal Bank of Canada cut IAMGOLD from a “sector perform” rating to an “underperform” rating and set a $2.00 price target on the stock. in a report on Wednesday, April 20th. StockNews.com cut IAMGOLD from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. Raymond James set a $3.00 price target on IAMGOLD and gave the stock a “market perform” rating in a report on Friday, February 25th. Zacks Investment Research upgraded IAMGOLD from a “sell” rating to a “hold” rating in a report on Thursday, February 24th. Finally, National Bank Financial boosted their price target on IAMGOLD from C$5.00 to C$5.50 in a report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, IAMGOLD currently has an average rating of “Hold” and a consensus price target of $3.58.

IAMGOLD Company Profile (Get Rating)

IAMGOLD Corporation, through its subsidiaries, explores, develops, and operates gold mining properties in North America, South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine situated in Burkina Faso and Boto gold project located in Senegal, West Africa; and Westwood mine, covers an area of 1,925 hectare and located in Quebec and the Côté gold project, which covers an area of 586 square kilometer located in Ontario, Canada.

Further Reading

Earnings History for IAMGOLD (NYSE:IAG)

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