IGM Financial (IGIFF) Projected to Announce Earnings on Wednesday

IGM Financial (OTCMKTS:IGIFF) is anticipated to issue its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.9030 per share and revenue of $733.3920 million for the quarter.

IGM Financial Trading Down 0.3%

Shares of IGIFF stock opened at $59.71 on Wednesday. The stock has a 50 day simple moving average of $57.05 and a 200 day simple moving average of $52.03. IGM Financial has a 1 year low of $32.74 and a 1 year high of $62.00.

Analysts Set New Price Targets

Several brokerages have weighed in on IGIFF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of IGM Financial in a report on Monday, May 11th. Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a report on Tuesday, April 28th. TD Securities restated a “buy” rating on shares of IGM Financial in a research report on Monday, May 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of IGM Financial in a research note on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of IGM Financial in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

IGM Financial Company Profile

IGM Financial Inc is a Canada-based wealth and asset management company that provides a range of financial planning and investment solutions to individual and institutional clients. Through its wholly owned subsidiaries—IG Wealth Management, Mackenzie Investments, and Investment Planning Counsel—the firm offers advisory services, mutual funds, segregated funds, and a suite of managed portfolio solutions designed to meet diverse investor needs. IGM’s business model centers on delivering fee-based and commission-based products through a network of financial advisors and distribution partners across Canada.

The company’s flagship arm, IG Wealth Management, operates one of the largest financial advisor networks in the country, offering advice on retirement planning, tax strategies, estate and legacy planning, and insurance products.