IAMGOLD (IMG) Scheduled to Post Earnings on Thursday

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.15 per share for the quarter.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last issued its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.10. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. The business had revenue of C$527.18 million during the quarter.

IAMGOLD Stock Down 2.4 %

Shares of IMG traded down C$0.19 during mid-day trading on Thursday, hitting C$7.73. 1,189,984 shares of the company traded hands, compared to its average volume of 1,545,260. The business has a 50 day moving average of C$7.16 and a 200 day moving average of C$6.04. The company has a market capitalization of C$4.41 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. IAMGOLD has a 1-year low of C$2.87 and a 1-year high of C$8.80.

Insider Activity

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on IMG. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered IAMGOLD from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, September 10th. National Bank Financial raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Stifel Nicolaus upped their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Finally, National Bankshares raised their target price on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD currently has an average rating of "Buy" and an average target price of C$6.91.

IAMGOLD Company Profile

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.