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: $2.93289 billion
- Outstanding Shares: 464,800,000
- 50 Day Moving Avg: $6.08
- 200 Day Moving Avg: $4.89
- 52 Week Range: $3.14 - $7.25
Sales & Book Value:
- Trailing P/E Ratio: 5.74
- Foreward P/E Ratio: 70.11
- P/E Growth: 42.07
- Annual Revenue: $1.07 billion
- Price / Sales: 2.74
- Book Value: $5.94 per share
- Price / Book: 1.06
- EBIDTA: $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: 5.02 million shs.
- Beta: -0.4
- 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) issued its earnings results on Wednesday, August, 9th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.01. The company had revenue of $274.50 million for the quarter, compared to analysts' expectations of $267.07 million. Iamgold Corporation had a net margin of 46.75% and a return on equity of 1.43%. The firm's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior 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 12-month price targets for Iamgold Corporation's stock. Their forecasts range from $6.00 to $7.50. On average, they anticipate Iamgold Corporation's share price to reach $6.96 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. " (8/8/2017)
- 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 Royal Gold (RGLD), 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), Klondex Mines Ltd (KLDX), Klondex Mines Ltd (KLDX), Gold Standard Ventures Corp (GSV), Highland Gold Mining Ltd (HGM) and Golden Star Resources (GSS).
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
- Sybil Elsa Veenman, Director
- John Edward Caldwell, Independent Director
- Richard James Hall, Independent Director
Who owns Iamgold Corporation stock?
Iamgold Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Van ECK Associates Corp (12.02%), Donald Smith & CO. Inc. (9.61%), Renaissance Technologies LLC (4.06%), Vanguard Group Inc. (2.04%), Bank of New York Mellon Corp (1.52%) and Tocqueville Asset Management L.P. (1.47%). 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 Van ECK Associates Corp, Contrarius Investment Management Ltd, Heartland Advisors Inc., Schroder Investment Management Group, Bank of New York Mellon Corp, TD Asset Management Inc., Russell Investments Group Ltd. and Donald Smith & CO. Inc.. 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 Tocqueville Asset Management L.P., Royal Bank of Canada, JPMorgan Chase & Co., Alps Advisors Inc., Fiera Capital Corp, Hillsdale Investment Management Inc., Renaissance Technologies LLC and Vanguard Group Inc.. 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 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 $6.31.
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: ||5 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.44)|
|Consensus Price Target: ||$6.96 (10.27% upside)|
Analysts' Ratings History for Iamgold Corporation (NYSE:IAG)
(Data available from 9/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|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|
|8/29/2017||Royal Bank Of Canada||Set Price Target||Hold||$7.00||Low|
|8/22/2017||BMO Capital Markets||Upgrade||Market Perform -> Outperform||$6.00 -> $7.50||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|
|10/19/2016||Canaccord Genuity||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|
|11/6/2017|| || || || || || || || |
|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: ($0.07)
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)
Iamgold Corporation (IAG) Chart for Monday, September, 25, 2017