Cormark Weighs in on Iamgold’s Q1 2018 Earnings (IMG)

Iamgold (TSE:IMG) (NYSE:IAG) – Equities researchers at Cormark upped their Q1 2018 earnings per share (EPS) estimates for shares of Iamgold in a report released on Monday, April 23rd. Cormark analyst R. Gray now expects that the mining company will earn $0.03 per share for the quarter, up from their prior estimate of ($0.01).

Several other equities analysts have also recently weighed in on IMG. National Bank Financial decreased their price target on shares of Iamgold from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Canaccord Genuity raised their target price on shares of Iamgold from C$9.00 to C$10.50 in a research note on Friday, January 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Iamgold has a consensus rating of “Buy” and a consensus price target of C$8.53.

TSE IMG opened at C$7.01 on Wednesday. Iamgold has a 52-week low of C$4.89 and a 52-week high of C$8.87.

Iamgold (TSE:IMG) (NYSE:IAG) last released its earnings results on Wednesday, February 21st. The mining company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.07). The business had revenue of C$369.67 million for the quarter. Iamgold had a negative net margin of 5.81% and a negative return on equity of 2.54%.

In other Iamgold news, insider Benjamin Richard Little sold 13,476 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of C$6.61, for a total value of C$89,076.36.

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Iamgold 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; the Sadiola Gold Mine located in southwest Mali, West Africa; and Yatela gold mines situated in southwest Mali, West Africa.

Earnings History and Estimates for Iamgold (TSE:IMG)

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