IAMGOLD (NYSE:IAG) (TSE:IMG) posted its earnings results on Sunday. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03), MarketWatch Earnings reports. IAMGOLD had a negative net margin of 31.53% and a positive return on equity of 2.79%. The firm had revenue of $297.40 million during the quarter, compared to analyst estimates of $319.79 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year.
Shares of IAMGOLD stock traded down $0.23 on Tuesday, hitting $3.08. The company had a trading volume of 443,226 shares, compared to its average volume of 5,295,180. The firm has a market capitalization of $1.47 billion, a P/E ratio of -3.85, a P/E/G ratio of 2.02 and a beta of 0.81. IAMGOLD has a twelve month low of $2.86 and a twelve month high of $5.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 3.34. The stock has a 50-day moving average of $3.22 and a 200-day moving average of $3.42.
A number of research firms recently issued reports on IAG. Zacks Investment Research lowered shares of IAMGOLD from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 20th. Credit Suisse Group decreased their price target on shares of IAMGOLD from $4.25 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 20th. CSFB decreased their price target on shares of IAMGOLD from $4.25 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 20th. Raymond James decreased their price target on shares of IAMGOLD from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 6th. Finally, National Bank Financial restated an “outperform” rating on shares of IAMGOLD in a research report on Monday, January 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.01.
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 situated in Burkina Faso, West Africa; the Westwood mine located in Quebec, Canada.
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