About Iamgold Corporation (NYSE:IAG)
IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents. The Company's gold mine segment is divided into geographic segments, such as Burkina Faso - Essakane mine; Suriname-Rosebel mine; Canada-Doyon division, which includes the Westwood mine and the Doyon mine, and Joint ventures (Mali)-Sadiola mine (41%) and Yatela mine (40%). The Company's non-gold segments are divided into Exploration and evaluation, and Corporate, which includes royalty interests located in Canada and investments in associates and joint ventures. In Canada, the Company owns the Westwood mine in Quebec and the Cote Gold project, a development project located in Ontario.
Industry, Sector and Symbol:
- Industry: Gold Mining
- Sub-Industry: N/A
- Sector: Basic Materials
- Symbol: NYSE:IAG
- CUSIP: N/A
- Web: www.iamgold.com
- Debt-to-Equity Ratio: 0.14%
- Current Ratio: 4.78%
- Quick Ratio: 3.85%
Sales & Book Value:
- Trailing P/E Ratio: 57.5
- Forward P/E Ratio: 63.89
- P/E Growth: 22.55
- Annual Sales: $987.1 million
- Price / Sales: 2.71
- Cash Flow: $0.59 per share
- Price / Cash: 9.76
- Book Value: $6.14 per share
- Price / Book: 0.94
- Trailing EPS: $1.10
- Net Income: $52.6 million
- Net Margins: 48.66%
- Return on Equity: 1.81%
- Return on Assets: 1.23%
- Employees: 4,881
- Outstanding Shares: 464,900,000
Frequently Asked Questions for Iamgold Corporation (NYSE:IAG)
What is Iamgold Corporation's stock symbol?
Iamgold Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "IAG."
How were Iamgold Corporation's earnings last quarter?
Iamgold Corporation (NYSE:IAG) posted its quarterly earnings data on Tuesday, November, 7th. The mining company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The mining company had revenue of $268.80 million for the quarter, compared to the consensus estimate of $268.62 million. Iamgold Corporation had a net margin of 48.66% and a return on equity of 1.81%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. View Iamgold Corporation's Earnings History.
When will Iamgold Corporation make its next earnings announcement?
Where is Iamgold Corporation's stock going? Where will Iamgold Corporation's stock price be in 2017?
8 Wall Street analysts have issued twelve-month price objectives for Iamgold Corporation's stock. Their forecasts range from $6.00 to $8.07. On average, they anticipate Iamgold Corporation's share price to reach $7.19 in the next twelve months. View Analyst Ratings for Iamgold Corporation.
What are Wall Street analysts saying about Iamgold Corporation stock?
Here are some recent quotes from research analysts about Iamgold Corporation stock:
- 1. According to Zacks Investment Research, "IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America. " (10/24/2017)
- 2. BMO Capital Markets analysts commented, "We are initiating coverage of IAMGOLD (IAG-NYSE) with a Market Perform rating and $4.75 target price. Despite a stable production profile, optionality to growth, relative balance sheet strength and improving track record, IAG appears fully valued relative to peers at current gold prices. A short reserve life and high costs relative to peers influence our view. For those investors with a positive outlook on gold, IAG provides above-average liquidity and leverage relative to peers." (2/6/2017)
Who are some of Iamgold Corporation's key competitors?
Some companies that are related to Iamgold Corporation include Kinross Gold Corporation (KGC), AngloGold Ashanti Limited (AU), Buenaventura Mining Company (BVN), B2Gold Corp (BTG), Alamos Gold (AGI), Centamin PLC (CEY), NovaGold Resources (NG), Hochschild Mining Plc (HOC), Eldorado Gold Corporation (EGO), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ACA), Highland Gold Mining Ltd (HGM), Klondex Mines Ltd (KLDX), Gossan Resources Limited (GSS), Gold Standard Ventures Corp (GSV), Pan African Resources PLC (PAF), Petropavlovsk PLC (POG) and Asanko Gold (AKG).
Who are Iamgold Corporation's key executives?
Iamgold Corporation's management team includes the folowing people:
- Donald K. Charter, Independent Chairman of the Board (Age 60)
- Stephen Joseph James Letwin, President, Chief Executive Officer, Executive Director (Age 61)
- Carol T. Banducci, Chief Financial Officer, Executive Vice President (Age 57)
- P. Gordon Stothart, Chief Operating Officer, Executive Vice President
- Jeffery A. Snow, Senior Vice President - Business Development, General Counsel
- Benjamin R. Little, Senior Vice President - Corporate Affairs, HSS & People
- Craig S. MacDougall, Senior Vice President - Exploration
- John Edward Caldwell, Independent Director (Age 67)
- Richard James Hall, Independent Director (Age 67)
- Mahendra Naik CPA, Independent Director (Age 56)
Who owns Iamgold Corporation stock?
Iamgold Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (12.21%), Donald Smith & CO. Inc. (9.03%), Tocqueville Asset Management L.P. (1.78%), Alps Advisors Inc. (0.91%), Heartland Advisors Inc. (0.78%) and TD Asset Management Inc. (0.64%). View Institutional Ownership Trends for Iamgold Corporation.
Who sold Iamgold Corporation stock? Who is selling Iamgold Corporation stock?
Iamgold Corporation's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Donald Smith & CO. Inc., Investec Asset Management LTD, JPMorgan Chase & Co., Contrarius Investment Management Ltd, SG Americas Securities LLC, Adams Asset Advisors LLC and ICM Asset Management Inc. WA. View Insider Buying and Selling for Iamgold Corporation.
Who bought Iamgold Corporation stock? Who is buying Iamgold Corporation stock?
Iamgold Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Heartland Advisors Inc., Tocqueville Asset Management L.P., Hillsdale Investment Management Inc., Van ECK Associates Corp, Montrusco Bolton Investments Inc., ClariVest Asset Management LLC, American Century Companies Inc. and Nordea Investment Management AB. View Insider Buying and Selling for Iamgold Corporation.
How do I buy Iamgold Corporation stock?
Shares of Iamgold Corporation can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Iamgold Corporation's stock price today?
One share of Iamgold Corporation stock can currently be purchased for approximately $5.75.
How big of a company is Iamgold Corporation?
Iamgold Corporation has a market capitalization of $2.67318 billion and generates $987.1 million in revenue each year. The mining company earns $52.6 million in net income (profit) each year or $1.10 on an earnings per share basis. Iamgold Corporation employs 4,881 workers across the globe.
How can I contact Iamgold Corporation?
Iamgold Corporation's mailing address is 401 BAY STREET SUITE 3200, TORONTO A6, M5H 2Y4. The mining company can be reached via phone at 416-360-4710 or via email at email@example.com.
MarketBeat Community Rating for Iamgold Corporation (NYSE IAG)MarketBeat's community ratings are surveys of what our community members think about Iamgold Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Iamgold Corporation (NYSE:IAG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 6 Hold Ratings, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$7.19 (25.02% upside)|
Consensus Price Target History for Iamgold Corporation (NYSE:IAG)
Analysts' Ratings History for Iamgold Corporation (NYSE:IAG)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/10/2017||Royal Bank Of Canada||Set Price Target||Hold||$7.50 -> $7.00||N/A|
|11/8/2017||BMO Capital Markets||Reiterated Rating||Buy||$8.00||N/A|
|9/29/2017||Canaccord Genuity||Downgrade||Buy -> Hold||$8.07||High|
|9/7/2017||Raymond James Financial, Inc.||Boost Price Target||Market Perform||$6.00 -> $7.25||High|
|9/6/2017||CIBC||Upgrade||Sector Perform -> Sector Outperform||$6.93 -> $7.00||High|
|7/18/2017||Credit Suisse Group||Set Price Target||Hold||$6.00||Low|
|5/23/2017||Bank of America Corporation||Upgrade||Underperform -> Neutral||High|
|5/14/2017||National Bank Financial||Reiterated Rating||Outperform Market Weight||High|
|11/8/2016||TD Securities||Upgrade||Hold -> Buy||N/A|
|7/18/2016||Paradigm Capital||Upgrade||Hold -> Buy||N/A|
|5/18/2016||Howard Weil||Downgrade||Sector Perform -> Underperform||N/A|
|5/5/2016||Macquarie||Upgrade||Underperform -> Neutral||N/A|
|2/19/2016||Mackie||Downgrade||Hold -> Sell||$2.00 -> $2.50||N/A|
|2/12/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Sell -> Neutral||N/A|
|1/14/2016||Barclays PLC||Lower Price Target||$2.00 -> $1.50||N/A|
|11/25/2015||Morgan Stanley||Initiated Coverage||Underweight||$1.35||N/A|
Earnings History and Estimates Chart for Iamgold Corporation (NYSE:IAG)
Earnings History by Quarter for Iamgold Corporation (NYSE IAG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/28/2018|| || || || || || || || |
|11/7/2017||Q3||$0.02||$0.07||$268.62 million||$268.80 million||View||N/A|
|8/9/2017||6/30/2017||$0.01||$0.01||$267.07 million||$274.50 million||View||Listen|
|5/9/2017||3/31/2017||($0.01)||$0.01||$264.54 million||$260.50 million||View||Listen|
|2/22/2017||Q416||$0.01||$0.01||$248.31 million||$252.50 million||View||N/A|
|11/7/2016||Q316||$0.02||$0.05||$258.10 million||$282.40 million||View||Listen|
|8/3/2016||Q216||($0.02)||$0.01||$245.68 million||$232.50 million||View||N/A|
|5/3/2016||Q116||($0.06)||($0.02)||$224.24 million||$219.70 million||View||N/A|
|2/17/2016||Q415||($0.11)||($0.16)||$218.58 million||$238.20 million||View||Listen|
|11/3/2015||Q315||($0.09)||($0.12)||$215.30 million||$207.60 million||View||N/A|
|8/5/2015||Q215||($0.06)||($0.08)||$237.63 million||$226.50 million||View||N/A|
|5/5/2015||Q115||($0.05)||($0.07)||$246.90 million||$244.70 million||View||N/A|
|2/18/2015||Q414||$0.01||$0.03||$316.50 million||$272.50 million||View||N/A|
|8/13/2014||Q214||$0.02||$0.02||$274.57 million||$288.60 million||View||N/A|
|5/6/2014||Q114||$0.02||$0.03||$278.78 million||$279.30 million||View||N/A|
|2/19/2014||Q413||$0.04||$0.05||$277.00 million||$247.20 million||View||N/A|
|11/5/2013||Q313||$0.07||$0.07||$346.24 million||$293.50 million||View||N/A|
|8/12/2013||Q2 2013||$0.09||$0.08||$323.62 million||$301.10 million||View||N/A|
|5/7/2013||Q1 2013||$0.14||$0.15||$381.28 million||$305.30 million||View||N/A|
|2/20/2013||$0.25||$0.24||$458.30 million||$468.40 million||View||N/A|
|11/13/2012||Q312||$0.25||$0.16||$427.95 million||$386.80 million||View||N/A|
Earnings Estimates for Iamgold Corporation (NYSE:IAG)
2017 EPS Consensus Estimate: ($0.02)
2018 EPS Consensus Estimate: $0.04
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Iamgold Corporation (NYSE:IAG)
|Most Recent Dividend:||7/12/2013|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Iamgold Corporation (NYSE IAG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Iamgold Corporation (NYSE IAG)
No insider trades for this company have been tracked by MarketBeat.com
Latest Headlines for Iamgold Corporation (NYSE IAG)
Iamgold Corporation (NYSE IAG) Chart for Sunday, November, 19, 2017