IAMGOLD Corp (IAG) Forecasted to Earn Q4 2017 Earnings of $0.01 Per Share

IAMGOLD Corp (NYSE:IAG) (TSE:IMG) – Analysts at National Bank Financial issued their Q4 2017 earnings per share (EPS) estimates for IAMGOLD in a research report issued on Wednesday. National Bank Financial analyst D. Demarco anticipates that the mining company will post earnings per share of $0.01 for the quarter.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings data on Tuesday, November 7th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. IAMGOLD had a net margin of 48.66% and a return on equity of 1.81%. The company had revenue of $268.80 million during the quarter, compared to the consensus estimate of $268.62 million. During the same quarter last year, the company earned $0.05 earnings per share. IAMGOLD’s revenue for the quarter was down 4.8% on a year-over-year basis.

Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of IAMGOLD from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Monday, October 23rd. Royal Bank of Canada set a $7.00 price objective on shares of IAMGOLD and gave the company a “hold” rating in a research report on Friday, November 10th. Scotiabank reaffirmed a “hold” rating on shares of IAMGOLD in a research report on Tuesday, November 14th. Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a research report on Monday, December 11th. Finally, TheStreet downgraded shares of IAMGOLD from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.07.

Shares of IAMGOLD (NYSE:IAG) opened at $5.57 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.78 and a quick ratio of 3.85. IAMGOLD has a 1 year low of $3.36 and a 1 year high of $7.25. The stock has a market cap of $2,590.00, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 40.58 and a beta of -0.31.

Several hedge funds have recently added to or reduced their stakes in IAG. Royal Bank of Canada grew its position in shares of IAMGOLD by 496.5% during the second quarter. Royal Bank of Canada now owns 4,484,298 shares of the mining company’s stock worth $23,138,000 after buying an additional 3,732,543 shares in the last quarter. Heartland Advisors Inc. grew its position in shares of IAMGOLD by 372.1% during the third quarter. Heartland Advisors Inc. now owns 3,634,511 shares of the mining company’s stock worth $22,222,000 after buying an additional 2,864,661 shares in the last quarter. Tocqueville Asset Management L.P. grew its position in shares of IAMGOLD by 21.1% during the third quarter. Tocqueville Asset Management L.P. now owns 8,294,577 shares of the mining company’s stock worth $50,597,000 after buying an additional 1,444,277 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of IAMGOLD by 96.2% during the third quarter. Hillsdale Investment Management Inc. now owns 2,066,300 shares of the mining company’s stock worth $12,644,000 after buying an additional 1,013,300 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of IAMGOLD by 1.6% during the third quarter. Van ECK Associates Corp now owns 56,732,518 shares of the mining company’s stock worth $346,069,000 after buying an additional 880,887 shares in the last quarter. 55.83% of the stock is owned by institutional investors and hedge funds.

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IAMGOLD Company Profile

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 and Estimates for IAMGOLD (NYSE:IAG)

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