Iamgold Corp (IMG) Forecasted to Earn FY2020 Earnings of $0.14 Per Share

Iamgold Corp (TSE:IMG) (NYSE:IAG) – Analysts at Cormark issued their FY2020 earnings per share (EPS) estimates for Iamgold in a research note issued to investors on Thursday, November 8th. Cormark analyst R. Gray forecasts that the mining company will post earnings per share of $0.14 for the year.

Several other equities analysts have also commented on the stock. TD Securities decreased their price objective on shares of Iamgold from C$10.50 to C$10.00 and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity decreased their price objective on shares of Iamgold from C$10.50 to C$9.25 in a report on Thursday, October 18th. CSFB restated a “neutral” rating on shares of Iamgold in a report on Wednesday, September 26th. Finally, National Bank Financial increased their target price on shares of Iamgold from C$9.75 to C$10.50 and gave the stock an “outperform” rating in a report on Friday, August 10th.

Shares of IMG stock opened at C$4.13 on Friday. The company has a debt-to-equity ratio of 13.71, a quick ratio of 3.68 and a current ratio of 4.72. Iamgold has a one year low of C$4.07 and a one year high of C$8.20.

Iamgold (TSE:IMG) (NYSE:IAG) last issued its quarterly earnings data on Wednesday, August 8th. The mining company reported C$0.04 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.03. The company had revenue of C$358.02 million during the quarter.

In other Iamgold news, Director Sybil Elsa Veenman bought 5,000 shares of Iamgold stock in a transaction on Monday, August 13th. The shares were bought at an average cost of C$6.40 per share, for a total transaction of C$32,000.00. Also, Director Ronald Peter Gagel bought 10,000 shares of Iamgold stock in a transaction on Thursday, September 27th. The shares were acquired at an average price of C$4.90 per share, for a total transaction of C$49,000.00.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Earnings History and Estimates for Iamgold (TSE:IMG)

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