IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG is anticipated to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $498.68 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.
IAMGOLD Stock Down 3.0 %
IAG traded down $0.20 on Friday, hitting $6.34. 9,997,003 shares of the company were exchanged, compared to its average volume of 12,636,900. IAMGOLD has a twelve month low of $2.38 and a twelve month high of $6.69. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 4.96 and a beta of 1.56. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $5.70 and a two-hundred day moving average price of $5.35.
Wall Street Analysts Forecast Growth
Several research firms recently commented on IAG. CIBC raised IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating in a research note on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating and boosted their target price for the stock from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Finally, StockNews.com raised IAMGOLD from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $6.57.
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About IAMGOLD
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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.
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