IAMGOLD (IMG) Scheduled to Post Earnings on Thursday

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

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its earnings results on Thursday, February 15th. The mining company reported C$0.08 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.02 by C$0.06. IAMGOLD had a net margin of 9.55% and a return on equity of 4.36%. The business had revenue of C$405.19 million during the quarter.

IAMGOLD Price Performance

Shares of TSE IMG opened at C$5.11 on Tuesday. IAMGOLD has a twelve month low of C$2.71 and a twelve month high of C$5.38. The firm has a fifty day simple moving average of C$4.55 and a 200 day simple moving average of C$3.76. The company has a market capitalization of C$2.54 billion, a PE ratio of 21.29, a P/E/G ratio of -0.28 and a beta of 1.44. The company has a quick ratio of 1.19, a current ratio of 1.20 and a debt-to-equity ratio of 42.05.

Analyst Upgrades and Downgrades

IMG has been the subject of several research analyst reports. National Bankshares lifted their price target on shares of IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th. Bank of America boosted their price target on shares of IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Canaccord Genuity Group boosted their price target on shares of IAMGOLD from C$3.75 to C$5.50 in a report on Tuesday, April 23rd. Stifel Nicolaus boosted their price target on shares of IAMGOLD from C$3.00 to C$5.25 in a report on Friday, April 19th. Finally, National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$4.99.

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.