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:
- Sector: Basic Materials
- Industry: Gold Mining
- Sub-Industry: N/A
- Symbol: NYSE:IAG
- CUSIP: N/A
- Web: www.iamgold.com
Capitalization:- Market Cap: $2.65 billion
- Outstanding Shares: 464,799,000
Average Prices:- 50 Day Moving Avg: $6.46
- 200 Day Moving Avg: $5.21
- 52 Week Range: $3.16 - $7.25
P/E:- Trailing P/E Ratio: 5.16
- Foreward P/E Ratio: 63.33
- P/E Growth: 33.28
Sales & Book Value:- Annual Revenue: $1.07 billion
- Price / Sales: 2.48
- Book Value: $5.94 per share
- Price / Book: 0.96
Profitability:- EBITDA: $857.4 million
- Net Margins: 46.75%
- Return on Equity: 1.43%
- Return on Assets: 0.95%
Debt:- Debt-to-Equity Ratio: 0.14%
- Current Ratio: 5.17%
- Quick Ratio: 4.19%
Misc:- Average Volume: 5.23 million shs.
- Beta: -0.48
- Short Ratio: 1.04
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) announced its quarterly earnings results on Wednesday, August, 9th. The company reported $0.01 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.01. The firm had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. Iamgold Corporation's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. 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?
9 brokers have issued 1-year price targets for Iamgold Corporation's shares. Their forecasts range from $6.00 to $8.07. On average, they anticipate Iamgold Corporation's stock price to reach $7.33 in the next twelve months. View Analyst Ratings for Iamgold Corporation.
What are 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. " (10/17/2017)
- 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)
Are investors shorting Iamgold Corporation?
Iamgold Corporation saw a decline in short interest in the month of September. As of September 29th, there was short interest totalling 4,525,678 shares, a decline of 38.7% from the September 15th total of 7,384,151 shares. Based on an average daily trading volume, of 5,799,700 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.0% of the company's shares are sold short.
Who are some of Iamgold Corporation's key competitors?
Some companies that are related to Iamgold Corporation include Kinross Gold Corporation (KGC), Buenaventura Mining Company (BVN), AngloGold Ashanti Limited (AU), B2Gold Corp (BTG), Centamin PLC (CEY), Eldorado Gold Corporation (EGO), NovaGold Resources (NG), Hochschild Mining Plc (HOC), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ABG), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ACA), Klondex Mines Ltd (KLDX), Klondex Mines Ltd (KLDX), Gold Standard Ventures Corp (GSV), Highland Gold Mining Ltd (HGM), Golden Star Resources (GSS) and Petropavlovsk PLC (POG).
Who are Iamgold Corporation's key executives?
Iamgold Corporation's management team includes the folowing people:
- Donald K. Charter, Independent Chairman of the Board
- Stephen Joseph James Letwin, President, Chief Executive Officer, Executive Director
- Carol T. Banducci, Chief Financial Officer, Executive Vice President
- 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
- Richard James Hall, Independent Director
- Mahendra Naik CPA, Independent Director
How do I buy Iamgold Corporation stock?
Shares of Iamgold Corporation can be purchased through any online brokerage account. Popular online brokerages 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 $5.70.
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.
Consensus Ratings for Iamgold Corporation (NYSE:IAG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: | 6 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.33) |
| Consensus Price Target: | $7.33 (28.62% upside) |
Consensus Price Target History for Iamgold Corporation (NYSE:IAG)
Analysts' Ratings History for Iamgold Corporation (NYSE:IAG)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/18/2017 | Royal Bank Of Canada | Set Price Target | Hold | $8.00 | N/A |  |
| 10/2/2017 | BMO Capital Markets | Reiterated Rating | Buy | $8.00 | Low | |
| 9/29/2017 | Canaccord Genuity | Downgrade | Buy -> Hold | $8.07 | High | |
| 9/15/2017 | Scotiabank | Boost Price Target | Sector Perform | $6.25 -> $7.00 | 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 | |
| 11/24/2015 | HSBC Holdings plc | Upgrade | Reduce -> Hold | | N/A | |
(Data available from 10/18/2015 forward)
Earnings History for Iamgold Corporation (NYSE:IAG)Earnings History by Quarter for Iamgold Corporation (NYSE IAG)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/7/2017 | | ($0.01) | | | | | 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 | |
| 2/23/2012 | | $0.34 | $0.29 | | | View | N/A | |
| 11/8/2011 | | $0.32 | $0.30 | | | View | N/A | |
| 5/12/2011 | | $0.31 | $0.36 | | | View | N/A | |
| 2/24/2011 | | $0.29 | $0.39 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Iamgold Corporation (NYSE:IAG)2017 EPS Consensus Estimate: ($0.05)
2018 EPS Consensus Estimate: $0.07
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q2 2017 | 2 | ($0.03) | ($0.02) | ($0.03) |
| Q3 2017 | 2 | ($0.02) | $0.02 | $0.00 |
| Q4 2017 | 2 | ($0.02) | ($0.02) | ($0.02) |
| Q1 2018 | 1 | $0.01 | $0.01 | $0.01 |
| Q2 2018 | 1 | $0.02 | $0.02 | $0.02 |
| Q3 2018 | 1 | $0.02 | $0.02 | $0.02 |
| Q4 2018 | 1 | $0.02 | $0.02 | $0.02 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Iamgold Corporation (NYSE:IAG)| Most Recent Dividend: | 7/12/2013 |
| Dividend Yield: | 0.00% |
| 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)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 6/5/2013 | semiannual | $0.13 | 4.55% | 7/1/2013 | 7/3/2013 | 7/12/2013 |
| 12/11/2012 | semiannual | $0.13 | 2.23% | 12/19/2012 | 12/21/2012 | 1/7/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Iamgold Corporation (NYSE:IAG)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Iamgold Corporation (NYSE:IAG)
Latest Headlines for Iamgold Corporation (NYSE:IAG)
| Source: |
|
| Date | Headline |
|---|
 | Iamgold Corporation (IAG) Given a $8.00 Price Target by Royal Bank Of Canada Analysts
www.americanbankingnews.com - October 18 at 8:22 PM |
| Iamgold Corporation (IAG) to Post Q3 2017 Earnings of $0.02 Per Share, Cormark Forecasts
www.americanbankingnews.com - October 18 at 9:02 AM |
| Iamgold Corporation (IAG) Sees Large Decrease in Short Interest
www.americanbankingnews.com - October 18 at 1:24 AM |
| Iamgold Corporation (IAG) Rating Lowered to Sell at Zacks Investment Research
www.americanbankingnews.com - October 18 at 12:22 AM |
 | IAMGOLD Corp. – Value Analysis (NYSE:IAG) : October 17, 2017
finance.yahoo.com - October 18 at 12:06 AM |
| IAMGOLD Files NI 43-101 Technical Report for Previously Announced Saramacca Resource Estimate
finance.yahoo.com - October 18 at 12:06 AM |
| IAMGOLD Corp. breached its 50 day moving average in a Bearish Manner : IAG-US : October 16, 2017
finance.yahoo.com - October 16 at 7:28 PM |
| BA owner IAG interested in failed airline Monarch's Gatwick slots - CEO
finance.yahoo.com - October 13 at 7:32 PM |
| IAMGOLD Announces Dates For Its Third Quarter 2017 Results
finance.yahoo.com - October 13 at 7:32 PM |
| IAMGOLD Corp. breached its 50 day moving average in a Bearish Manner : IAG-US : October 6, 2017
finance.yahoo.com - October 6 at 8:09 PM |
| IamGold’s Strong Exploration Results Catch Analysts’ Attention
finance.yahoo.com - October 6 at 8:09 PM |
 | IAMGOLD (IAG) Presents At Deutsche Bank's 25th Annual Leveraged Finance Conference - Slideshow
seekingalpha.com - October 5 at 9:06 PM |
| Can Mali Maintain Its Gold Mining Status?
finance.yahoo.com - October 4 at 4:01 PM |
| Iamgold Corporation (IAG) Short Interest Up 56.2% in September
www.americanbankingnews.com - October 3 at 3:10 AM |
| Iamgold Corporation (IAG) Receives "Buy" Rating from BMO Capital Markets
www.americanbankingnews.com - October 2 at 5:44 PM |
| Iamgold Corp Downgraded by Canaccord Genuity to 'Hold'
finance.yahoo.com - October 1 at 11:45 AM |
| Can IAMGOLD Corporation’s (IAG) ROE Continue To Surpass The Industry Average?
finance.yahoo.com - September 29 at 10:13 AM |
| Iamgold Corporation (IAG) Stock Rating Lowered by Canaccord Genuity
www.americanbankingnews.com - September 29 at 9:08 AM |
| Unrest in the Market Due to North Korea: The Impact on Gold
finance.yahoo.com - September 26 at 4:41 PM |
 | Technical Research on Gold Equities -- Barrick Gold, IAMGOLD, Yamana Gold, and New Gold - PR Newswire (press release)
www.prnewswire.com - September 26 at 10:46 AM |
| Iamgold Corporation (IAG) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - September 24 at 4:40 PM |
| FY2018 Earnings Forecast for Iamgold Corporation Issued By National Bank Financial (IAG)
www.americanbankingnews.com - September 18 at 6:26 AM |
| Iamgold Corporation (IAG) Price Target Raised to $7.00 at Scotiabank
www.americanbankingnews.com - September 15 at 3:02 PM |
| Contrasting Klondex Mines (KLDX) & Iamgold Corporation (IAG)
www.americanbankingnews.com - September 15 at 2:14 AM |
| IAMGOLD Hosts Analyst Tour of Rosebel Mine
finance.yahoo.com - September 14 at 6:14 AM |
| What Iamgold’s Outperformance Could Mean for the Future
finance.yahoo.com - September 14 at 6:14 AM |
| IAMGOLD Corp. :IAG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 12, 2017
finance.yahoo.com - September 14 at 6:14 AM |
| Why Analysts Are so Bullish on Iamgold after Its Latest Announcement
finance.yahoo.com - September 14 at 6:14 AM |
| ETFs with exposure to IAMGOLD Corp. : September 13, 2017
finance.yahoo.com - September 14 at 6:14 AM |
 | Here's Why These Gold Stocks Gained As Much As 20.3% in August
www.fool.com - September 11 at 8:12 PM |
| Why Are Intermediate Gold Miners so Exuberant?
finance.yahoo.com - September 11 at 8:12 PM |
| Q3 2017 Earnings Estimate for Iamgold Corporation Issued By Cormark (IAG)
www.americanbankingnews.com - September 11 at 1:42 AM |
| Iamgold Corporation (IAG) Raised to "Sector Outperform" at CIBC
www.americanbankingnews.com - September 10 at 8:16 PM |
| Q1 2018 EPS Estimates for Iamgold Corporation (IAG) Cut by Cormark
www.americanbankingnews.com - September 8 at 9:10 AM |
| IAMGOLD Corporation (IAG) Updates On Saramacca NI 43-101 Maiden Mineral Resource Estimate - Slideshow IAMGOLD Corporation (IAG) Updates On Saramacca N
seekingalpha.com - September 8 at 12:57 AM |
| Iamgold Reports Increased Reserves at Rosebel
finance.yahoo.com - September 8 at 12:57 AM |
| Iamgold upgraded at CIBC as Saramacca resource called "game changer" - Seeking Alpha
seekingalpha.com - September 7 at 7:57 PM |
| Raymond James Financial, Inc. Boosts Iamgold Corporation (IAG) Price Target to $7.25
www.americanbankingnews.com - September 7 at 2:16 PM |
| IAMGOLD Confirms Significant Gold Discovery Exceeding Initial Targets at Saramacca - Strategically Located Near its Rosebel Gold Mine
finance.yahoo.com - September 6 at 6:12 AM |
| IAMGOLD Files NI 43-101 Technical Report for Previously Announced Rosebel Reserve and Resource Update
finance.yahoo.com - September 6 at 6:12 AM |
 | IAG Crosses Above Average Analyst Target
www.nasdaq.com - September 1 at 8:01 PM |
| IAMGOLD Corp. (IAG) -- Moody's upgrades IAMGOLD's CFR to B1; outlook positive
finance.yahoo.com - August 31 at 6:02 AM |
| Iamgold Corporation (IAG) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 30 at 4:44 PM |
| Iamgold Corporation's (IAG) "Hold" Rating Reaffirmed at Royal Bank Of Canada
www.americanbankingnews.com - August 29 at 6:00 AM |
| Analyzing Klondex Mines (KLDX) & Iamgold Corporation (IAG)
www.americanbankingnews.com - August 20 at 8:14 PM |
| Iamgold Corporation (IAG) Lifted to B at TheStreet
www.americanbankingnews.com - August 19 at 7:08 AM |
| Surging Earnings Estimates Signal Good News for IAMGOLD (IAG) - Nasdaq
www.nasdaq.com - August 19 at 12:30 AM |
| Iamgold (IAG) Scales New 52-Week High on Bright Prospects ... - Nasdaq
www.nasdaq.com - August 19 at 12:30 AM |
| Surging Earnings Estimates Signal Good News for IAMGOLD (IAG)
finance.yahoo.com - August 18 at 7:29 PM |
| Iamgold Corporation (IAG) versus Agnico Eagle Mines Limited (AEM) Critical Contrast
www.americanbankingnews.com - August 17 at 8:26 PM |
Iamgold Corporation (IAG) Chart for Wednesday, October, 18, 2017
