IAMGOLD Corp to Post FY2018 Earnings of $0.09 Per Share, Cormark Forecasts (TSE:IMG)

IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Equities research analysts at Cormark reduced their FY2018 earnings per share (EPS) estimates for shares of IAMGOLD Corp in a report issued on Thursday. Cormark analyst R. Gray now forecasts that the mining company will earn $0.09 per share for the year, down from their prior forecast of $0.11. Cormark also issued estimates for IAMGOLD Corp’s FY2019 earnings at $0.13 EPS.

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IMG has been the topic of a number of other research reports. BMO Capital Markets reissued a “market perform” rating and set a C$5.00 price objective on shares of IAMGOLD Corp in a report on Wednesday, June 7th. National Bank Financial increased their price objective on IAMGOLD Corp from C$7.75 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, July 27th. Canaccord Genuity raised their target price on IAMGOLD Corp from C$9.25 to C$9.50 in a report on Thursday, July 27th. CIBC raised their target price on IAMGOLD Corp from C$5.00 to C$5.75 in a report on Wednesday, June 7th. Finally, TD Securities raised their target price on IAMGOLD Corp from C$8.00 to C$8.50 and gave the company a “buy” rating in a report on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$7.68.

Shares of IAMGOLD Corp (IMG) traded up 3.75% during mid-day trading on Friday, hitting $6.92. The stock had a trading volume of 1,604,808 shares. IAMGOLD Corp has a one year low of $4.18 and a one year high of $7.52. The company has a 50-day moving average of $6.63 and a 200 day moving average of $5.98. The firm’s market cap is $3.22 billion.

In other news, insider Carol Banducci sold 45,000 shares of IAMGOLD Corp stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of C$6.72, for a total value of C$302,400.00.

IAMGOLD Corp Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interest in the Rosebel gold mine located in north eastern Suriname, South America; Essakane gold mine in north-eastern Burkina Faso, West Africa; Westwood gold mine in southwestern Québec, Canada; and Sadiola, as well as Yatela gold mines situated in southwest Mali, West Africa.

Earnings History and Estimates for IAMGOLD Corp (TSE:IMG)

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