Monday, 21 October, 2019

IAMGOLD (IAG) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Russell Knight | 23 February, 2018, 23:04

Iamgold Corp had 45 analyst reports since July 24, 2015 according to SRatingsIntel.

However out of 8 analysts 3 suggest Iamgold Corp (NYSE:IAG) a Strong Buy, 6 suggested Buy, 6 Hold and 3 Sell, while 0 analysts recommend the stock a Strong Sell. Desjardins restated a "buy" rating on shares of IAMGOLD in a research note on Monday, December 11th. Finally, TheStreet downgraded shares of IAMGOLD from a "b" rating to a "c+" rating in a research report on Thursday, November 16th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of "Hold" and an average target price of $7.07. The company's stock had a trading volume of 1,636,143 shares, compared to its average volume of 1,525,538.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $7.75 on the stock, this valuation is based on 13 number of opinions.

IAMGOLD Corporation (NYSE:IAG) current ratio calculated as 4.80, this value is acceptable if it lies in 1.3% to 3%. The firm has a market capitalization of $2,730.04, a price-to-earnings ratio of 4.89, a price-to-earnings-growth ratio of 23.25 and a beta of -0.31.

(AMGN) Shares Sold by Barings LLC
The firm owned 14,240 shares of the medical research company's stock after acquiring an additional 895 shares during the quarter. Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock.

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IAMGOLD Corp. (IAG) analysts on average have given a price target of $7.75 on IAG stock. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.01, while the High earnings estimate is $0.05.Comparatively, EPS for the same quarter past year was $0. Net profit margin of IAMGOLD Corp. The business had revenue of $291.10 million during the quarter, compared to analysts' expectations of $280.04 million.

For the current Fiscal Quarter, 8 analysts on average are expecting earnings of $0.7 per share. During the same quarter past year, the business posted ($0.01) EPS.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock.

In related news, insider Jeffery Alexander Snow sold 15,524 shares of the business's stock in a transaction that occurred on Wednesday, January 24th. Sigma Planning Corp bought a new position in IAMGOLD in the third quarter valued at $130,000. The company has market cap of $2.50 billion. The firm owned 102,638 shares of the mining company's stock after purchasing an additional 59,648 shares during the period. Fox Run Management L.L.C. increased its stake in IAMGOLD by 121.2% in the fourth quarter. Tocqueville Asset Management L.P. now owns 8,294,577 shares of the mining company's stock worth $50,597,000 after buying an additional 1,444,277 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its holdings in IAMGOLD by 372.1% in the 3rd quarter. The Average True Range, a measure of volatility is at 0.3, however its weekly and monthly volatility is 5.45%, 4.93% respectively. Hedge funds and other institutional investors own 58.09% of the company's stock.

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