IAMGOLD (IAG) Scheduled to Post Quarterly Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

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

IAMGOLD Price Performance

IAG stock opened at $3.74 on Tuesday. The business has a fifty day moving average of $3.34 and a two-hundred day moving average of $2.77. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 0.64 and a beta of 1.68. IAMGOLD has a 52-week low of $1.99 and a 52-week high of $3.92.

Analysts Set New Price Targets

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