IAMGOLD Co. (TSE:IMG – Get Rating) (NYSE:IAG) – Equities research analysts at Cormark lowered their Q3 2022 earnings estimates for shares of IAMGOLD in a report issued on Thursday, May 5th. Cormark analyst R. Gray now anticipates that the mining company will post earnings per share of ($0.03) for the quarter, down from their prior estimate of ($0.01). Cormark currently has a “Market Perform” rating and a $3.00 price target on the stock. Cormark also issued estimates for IAMGOLD’s FY2022 earnings at $0.05 EPS and FY2024 earnings at $0.23 EPS.
A number of other research analysts also recently issued reports on the stock. TD Securities cut their target price on shares of IAMGOLD from C$6.50 to C$5.00 and set a “buy” rating on the stock in a research report on Thursday. Credit Suisse Group cut IAMGOLD to a “sell” rating and set a C$2.50 price target for the company. in a research note on Wednesday, May 4th. National Bank Financial lowered their price target on IAMGOLD to C$4.50 and set an “outperform” rating for the company in a research note on Monday, January 17th. Canaccord Genuity Group cut IAMGOLD from a “hold” rating to a “sell” rating and lowered their price target for the company from C$4.50 to C$2.75 in a research note on Wednesday, May 4th. Finally, Royal Bank of Canada cut IAMGOLD from a “sector perform” rating to a “sell” rating and set a C$2.00 price target for the company. in a research note on Wednesday, April 20th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$3.14.
IAMGOLD (TSE:IMG – Get Rating) (NYSE:IAG) last released its earnings results on Wednesday, February 23rd. The mining company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$371.42 million for the quarter.
In other IAMGOLD news, Senior Officer Benjamin Richard Little sold 22,000 shares of IAMGOLD stock in a transaction dated Monday, February 28th. The stock was sold at an average price of C$3.73, for a total value of C$82,060.00. Following the transaction, the insider now owns 38,617 shares in the company, valued at C$144,041.41. Also, Senior Officer Timothy Bradburn sold 74,794 shares of IAMGOLD stock in a transaction dated Monday, March 21st. The shares were sold at an average price of C$4.30, for a total value of C$321,614.20. Following the completion of the transaction, the insider now owns 16,800 shares in the company, valued at approximately C$72,240.
About IAMGOLD (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.
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