IAMGOLD (IMG) Scheduled to Post Earnings on Thursday

IAMGOLD (TSE:IMG) (NYSE:IAG) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect IAMGOLD to post earnings of C$0.02 per share for the quarter.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Thursday, February 15th. The mining company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.02 by C$0.06. IAMGOLD had a return on equity of 4.36% and a net margin of 9.55%. The firm had revenue of C$405.19 million for the quarter.

IAMGOLD Stock Up 3.7 %

IMG opened at C$5.11 on Tuesday. IAMGOLD has a 12 month low of C$2.71 and a 12 month high of C$5.38. The company has a debt-to-equity ratio of 42.05, a current ratio of 1.20 and a quick ratio of 1.19. The stock has a market cap of C$2.54 billion, a P/E ratio of 21.29, a P/E/G ratio of -0.28 and a beta of 1.44. The stock’s 50 day moving average price is C$4.55 and its 200 day moving average price is C$3.76.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IMG. Bank of America increased their price target on IAMGOLD from C$4.40 to C$6.20 in a research note on Tuesday, April 9th. Stifel Nicolaus increased their price target on IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. National Bankshares increased their price target on IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th. National Bank Financial reissued a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. Finally, Canaccord Genuity Group raised their price objective on IAMGOLD from C$3.75 to C$5.50 in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$4.99.

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.