IAMGOLD (NYSE:IAG) Releases Quarterly Earnings Results

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG released its quarterly earnings data on Thursday. The mining company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.09, Zacks reports. IAMGOLD had a return on equity of 1.97% and a net margin of 9.55%. The business had revenue of $338.90 million for the quarter. During the same period in the previous year, the firm earned $0.05 EPS.

IAMGOLD Stock Up 11.4 %

Shares of IAMGOLD stock traded up $0.44 on Friday, reaching $4.29. The stock had a trading volume of 24,489,219 shares, compared to its average volume of 8,880,631. IAMGOLD has a 1 year low of $1.99 and a 1 year high of $4.35. The company has a 50 day moving average price of $3.41 and a 200 day moving average price of $2.80. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.13 billion, a P/E ratio of 21.95, a P/E/G ratio of 0.64 and a beta of 1.68.

Analyst Ratings Changes

IAG has been the subject of several analyst reports. National Bank Financial restated a "sector perform spec overwgt" rating on shares of IAMGOLD in a report on Monday, April 8th. StockNews.com raised IAMGOLD from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. CIBC increased their price target on IAMGOLD from $3.00 to $3.10 and gave the stock a "neutral" rating in a research report on Wednesday, February 7th. BMO Capital Markets lifted their price objective on IAMGOLD from $4.00 to $4.25 and gave the company an "outperform" rating in a report on Friday, April 5th. Finally, Scotiabank boosted their price target on shares of IAMGOLD from $3.25 to $3.75 and gave the company a "sector perform" rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.