IAMGOLD (IAG) Set to Announce Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect IAMGOLD to post earnings of $0.00 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

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

IAMGOLD Stock Performance

Shares of IAG stock opened at $3.62 on Thursday. IAMGOLD has a 52 week low of $1.99 and a 52 week high of $3.92. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 0.68 and a beta of 1.70. The company has a 50-day simple moving average of $3.28 and a 200 day simple moving average of $2.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IAG. StockNews.com raised IAMGOLD from a “sell” rating to a “hold” rating in a report on Friday, April 26th. National Bank Financial restated a “sector perform spec overwgt” rating on shares of IAMGOLD in a research report on Monday, April 8th. BMO Capital Markets boosted their price target on IAMGOLD from $4.00 to $4.25 and gave the company an “outperform” rating in a research note on Friday, April 5th. CIBC raised their price objective on IAMGOLD from $3.00 to $3.10 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, Scotiabank upped their target price on IAMGOLD from $3.25 to $3.75 and gave the company a “sector perform” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, IAMGOLD currently has an average rating of “Hold” and an average price target of $3.55.

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.