IAMGOLD (IAG) Scheduled to Post Quarterly Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) will be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect IAMGOLD to post earnings of $0.00 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $297.60 million during the quarter. IAMGOLD had a net margin of 9.55% and a return on equity of 1.97%. On average, analysts expect IAMGOLD to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

IAMGOLD Stock Performance

IAMGOLD stock opened at $3.74 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.77. The company has a market cap of $1.86 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 0.64 and a beta of 1.68. IAMGOLD has a fifty-two week low of $1.99 and a fifty-two week high of $3.92. The firm’s 50 day simple moving average is $3.34 and its 200-day simple moving average is $2.77.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Scotiabank boosted their target price on shares of IAMGOLD from $3.25 to $3.75 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. BMO Capital Markets upped their price target on IAMGOLD from $4.00 to $4.25 and gave the company an “outperform” rating in a research report on Friday, April 5th. CIBC raised their price objective on IAMGOLD from $3.00 to $3.10 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. StockNews.com upgraded IAMGOLD from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, IAMGOLD has a consensus rating of “Hold” and a consensus price target of $3.55.

IAMGOLD Company Profile

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.