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
- Market Cap: $2.66795 billion
- Outstanding Shares: 464,800,000
- 50 Day Moving Avg: $6.33
- 200 Day Moving Avg: $5.28
- 52 Week Range: $3.16 - $7.25
Sales & Book Value:
- Trailing P/E Ratio: 5.22
- Foreward P/E Ratio: 81.86
- P/E Growth: 31.89
- Annual Revenue: $1.07 billion
- Price / Sales: 2.49
- Book Value: $5.94 per share
- Price / Book: 0.96
- EBITDA: $857.4 million
- Net Margins: 46.75%
- Return on Equity: 1.43%
- Return on Assets: 0.95%
- Debt-to-Equity Ratio: 0.14%
- Current Ratio: 5.17%
- Quick Ratio: 4.19%
- Average Volume: 5.44 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 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 the consensus estimate of $267.07 million. Iamgold Corporation had a return on equity of 1.43% and a net margin of 46.75%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous 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 brokerages have issued 12 month target prices for Iamgold Corporation's stock. Their predictions 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. " (10/23/2017)
- 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 drop in short interest during the month of September. As of September 29th, there was short interest totalling 4,525,678 shares, a drop of 38.7% from the September 15th total of 7,384,151 shares. Based on an average trading volume of 5,799,700 shares, the days-to-cover ratio is currently 0.8 days. Currently, 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), AngloGold Ashanti Limited (AU), Buenaventura Mining Company (BVN), B2Gold Corp (BTG), Eldorado Gold Corporation (EGO), Centamin PLC (CEY), NovaGold Resources (NG), Hochschild Mining Plc (HOC), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ABG), Sandstorm Gold Ltd (SAND), Acacia Mining PLC (ACA), Gold Standard Ventures Corp (GSV), Klondex Mines Ltd (KLDX), Klondex Mines Ltd (KLDX), 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
Who owns Iamgold Corporation stock?
Iamgold Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Montrusco Bolton Investments Inc. (0.17%), Adams Asset Advisors LLC (0.03%) and Shell Asset Management Co. (0.02%). View Institutional Ownership Trends for Iamgold Corporation.
Who sold Iamgold Corporation stock? Who is selling Iamgold Corporation stock?
Who bought Iamgold Corporation stock? Who is buying Iamgold Corporation stock?
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?
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.
One share of Iamgold Corporation stock can currently be purchased for approximately $5.73.
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 (27.95% upside)|Consensus Price Target History for Iamgold Corporation (NYSE:IAG)
Analysts' Ratings History for Iamgold Corporation (NYSE:IAG)
(Data available from 10/24/2015 forward)
|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|
Earnings History 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|
|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: ($0.03)
2018 EPS Consensus Estimate: $0.07
(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
Headline Trends for Iamgold Corporation (NYSE:IAG)
Latest Headlines for Iamgold Corporation (NYSE:IAG)
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Iamgold Corporation (IAG) Chart for Tuesday, October, 24, 2017