Desjardins Equities Analysts Reduce Earnings Estimates for Iamgold Corp (IMG)

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Iamgold Corp (TSE:IMG) (NYSE:IAG) – Equities research analysts at Desjardins reduced their Q1 2020 earnings per share (EPS) estimates for Iamgold in a report issued on Friday, April 12th. Desjardins analyst J. Wolfson now forecasts that the mining company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.07. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Iamgold’s Q4 2020 earnings at $0.04 EPS.

A number of other research analysts also recently issued reports on IMG. GMP Securities reissued a “buy” rating and issued a C$6.70 price target on shares of Iamgold in a report on Friday, February 22nd. National Bank Financial decreased their price target on Iamgold from C$8.00 to C$6.75 and set an “outperform” rating for the company in a report on Friday, January 18th. Canaccord Genuity decreased their price target on Iamgold from C$9.00 to C$8.50 in a report on Thursday, January 17th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Iamgold in a report on Monday, December 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Iamgold has an average rating of “Buy” and an average target price of C$7.59.

Iamgold stock opened at C$4.35 on Monday. The company has a debt-to-equity ratio of 14.27, a current ratio of 4.78 and a quick ratio of 3.51. Iamgold has a 52 week low of C$3.64 and a 52 week high of C$8.20. The stock has a market cap of $2.15 billion and a P/E ratio of -72.50.

Iamgold (TSE:IMG) (NYSE:IAG) last released its earnings results on Wednesday, February 20th. The mining company reported C($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.02) by C($0.02). The company had revenue of C$362.56 million during the quarter.

In other news, Senior Officer Peter Gordon Stothart sold 56,207 shares of the business’s stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of C$3.83, for a total value of C$215,272.81. Following the completion of the sale, the insider now directly owns 229,655 shares in the company, valued at C$879,578.65. Also, Senior Officer Benjamin Richard Little sold 20,911 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$4.75, for a total value of C$99,327.25. Following the completion of the sale, the insider now owns 38,617 shares of the company’s stock, valued at C$183,430.75.

About Iamgold

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.

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Earnings History and Estimates for Iamgold (TSE:IMG)

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