IAMGOLD (IMG) Scheduled to Post Quarterly Earnings on Thursday

IAMGOLD (TSE:IMG) (NYSE:IAG) is set to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect IAMGOLD to post earnings of C$0.02 per share for the quarter.

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

IAMGOLD Stock Performance

Shares of TSE IMG opened at C$5.18 on Wednesday. IAMGOLD has a 12-month low of C$2.71 and a 12-month high of C$5.38. The company has a current ratio of 1.20, a quick ratio of 1.19 and a debt-to-equity ratio of 42.05. The company has a market cap of C$2.57 billion, a PE ratio of 21.58, a P/E/G ratio of -0.28 and a beta of 1.44. The stock has a 50 day simple moving average of C$4.58 and a 200-day simple moving average of C$3.77.

Analysts Set New Price Targets

A number of research analysts have issued reports on IMG shares. Stifel Nicolaus increased their price target on IAMGOLD from C$3.00 to C$5.25 in a research note on Friday, April 19th. Bank of America upped their price objective on shares of IAMGOLD from C$4.40 to C$6.20 in a report on Tuesday, April 9th. Canaccord Genuity Group raised their target price on shares of IAMGOLD from C$3.75 to C$5.50 in a research note on Tuesday, April 23rd. National Bank Financial reaffirmed a “sector perform spec overwgt” rating on shares of IAMGOLD in a research note on Monday, April 8th. Finally, National Bankshares raised their price objective on shares of IAMGOLD from C$6.25 to C$6.50 in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$4.99.

About IAMGOLD

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.