Iamgold Corporation Company Profile (NYSE:IAG)

About Iamgold Corporation (NYSE:IAG)

Iamgold Corporation logoIAMGOLD 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: $2.66795 billion
  • Outstanding Shares: 464,800,000
Average Prices:
  • 50 Day Moving Avg: $6.33
  • 200 Day Moving Avg: $5.28
  • 52 Week Range: $3.16 - $7.25
P/E:
  • Trailing P/E Ratio: 5.22
  • Foreward P/E Ratio: 81.86
  • P/E Growth: 31.89
Sales & Book Value:
  • Annual Revenue: $1.07 billion
  • Price / Sales: 2.49
  • 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: 5.44 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?

Iamgold Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Iamgold Corporation.

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?

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?

Iamgold Corporation's stock was sold by a variety of institutional investors in the last quarter, including Adams Asset Advisors LLC. 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 Montrusco Bolton Investments Inc. and Shell Asset Management Co.. 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?

One share of Iamgold Corporation stock can currently be purchased for approximately $5.73.


MarketBeat Community Rating for Iamgold Corporation (NYSE IAG)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  199 (Vote Outperform)
Underperform Votes:  463 (Vote Underperform)
Total Votes:  662
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.

Analyst Ratings

Consensus Ratings for Iamgold Corporation (NYSE:IAG) (How are Consensus Ratings Calculated?)
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)
Price Target History for Iamgold Corporation (NYSE:IAG)
Analysts' Ratings History for Iamgold Corporation (NYSE:IAG)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Royal Bank Of CanadaSet Price TargetHold$8.00N/AView Rating Details
10/2/2017BMO Capital MarketsReiterated RatingBuy$8.00LowView Rating Details
9/29/2017Canaccord GenuityDowngradeBuy -> Hold$8.07HighView Rating Details
9/15/2017ScotiabankBoost Price TargetSector Perform$6.25 -> $7.00HighView Rating Details
9/7/2017Raymond James Financial, Inc.Boost Price TargetMarket Perform$6.00 -> $7.25HighView Rating Details
9/6/2017CIBCUpgradeSector Perform -> Sector Outperform$6.93 -> $7.00HighView Rating Details
7/18/2017Credit Suisse GroupSet Price TargetHold$6.00LowView Rating Details
5/23/2017Bank of America CorporationUpgradeUnderperform -> NeutralHighView Rating Details
5/14/2017National Bank FinancialReiterated RatingOutperform Market WeightHighView Rating Details
11/8/2016TD SecuritiesUpgradeHold -> BuyN/AView Rating Details
7/18/2016Paradigm CapitalUpgradeHold -> BuyN/AView Rating Details
5/18/2016Howard WeilDowngradeSector Perform -> UnderperformN/AView Rating Details
5/5/2016MacquarieUpgradeUnderperform -> NeutralN/AView Rating Details
2/19/2016MackieDowngradeHold -> Sell$2.00 -> $2.50N/AView Rating Details
2/12/2016Goldman Sachs Group, Inc. (The)UpgradeSell -> NeutralN/AView Rating Details
1/14/2016Barclays PLCLower Price Target$2.00 -> $1.50N/AView Rating Details
11/25/2015Morgan StanleyInitiated CoverageUnderweight$1.35N/AView Rating Details
11/24/2015HSBC Holdings plcUpgradeReduce -> HoldN/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Iamgold Corporation (NYSE:IAG)
Earnings by Quarter for Iamgold Corporation (NYSE:IAG)
Earnings History by Quarter for Iamgold Corporation (NYSE IAG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017($0.01)N/AView Earnings Details
8/9/20176/30/2017$0.01$0.01$267.07 million$274.50 millionViewListenView Earnings Details
5/9/20173/31/2017($0.01)$0.01$264.54 million$260.50 millionViewListenView Earnings Details
2/22/2017Q416$0.01$0.01$248.31 million$252.50 millionViewN/AView Earnings Details
11/7/2016Q316$0.02$0.05$258.10 million$282.40 millionViewListenView Earnings Details
8/3/2016Q216($0.02)$0.01$245.68 million$232.50 millionViewN/AView Earnings Details
5/3/2016Q116($0.06)($0.02)$224.24 million$219.70 millionViewN/AView Earnings Details
2/17/2016Q415($0.11)($0.16)$218.58 million$238.20 millionViewListenView Earnings Details
11/3/2015Q315($0.09)($0.12)$215.30 million$207.60 millionViewN/AView Earnings Details
8/5/2015Q215($0.06)($0.08)$237.63 million$226.50 millionViewN/AView Earnings Details
5/5/2015Q115($0.05)($0.07)$246.90 million$244.70 millionViewN/AView Earnings Details
2/18/2015Q414$0.01$0.03$316.50 million$272.50 millionViewN/AView Earnings Details
8/13/2014Q214$0.02$0.02$274.57 million$288.60 millionViewN/AView Earnings Details
5/6/2014Q114$0.02$0.03$278.78 million$279.30 millionViewN/AView Earnings Details
2/19/2014Q413$0.04$0.05$277.00 million$247.20 millionViewN/AView Earnings Details
11/5/2013Q313$0.07$0.07$346.24 million$293.50 millionViewN/AView Earnings Details
8/12/2013Q2 2013$0.09$0.08$323.62 million$301.10 millionViewN/AView Earnings Details
5/7/2013Q1 2013$0.14$0.15$381.28 million$305.30 millionViewN/AView Earnings Details
2/20/2013$0.25$0.24$458.30 million$468.40 millionViewN/AView Earnings Details
11/13/2012Q312$0.25$0.16$427.95 million$386.80 millionViewN/AView Earnings Details
2/23/2012$0.34$0.29ViewN/AView Earnings Details
11/8/2011$0.32$0.30ViewN/AView Earnings Details
5/12/2011$0.31$0.36ViewN/AView Earnings Details
2/24/2011$0.29$0.39ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Iamgold Corporation (NYSE:IAG)
2017 EPS Consensus Estimate: ($0.03)
2018 EPS Consensus Estimate: $0.07
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20172($0.03)($0.02)($0.03)
Q3 20172$0.01$0.02$0.02
Q4 20172($0.02)($0.02)($0.02)
Q1 20181$0.01$0.01$0.01
Q2 20181$0.02$0.02$0.02
Q3 20181$0.02$0.02$0.02
Q4 20181$0.02$0.02$0.02
(Data provided by Zacks Investment Research)

Dividends

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 Payments by Quarter for Iamgold Corporation (NYSE:IAG)

Dividend History by Quarter for Iamgold Corporation (NYSE IAG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/5/2013semiannual$0.134.55%7/1/20137/3/20137/12/2013
12/11/2012semiannual$0.132.23%12/19/201212/21/20121/7/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Iamgold Corporation (NYSE:IAG)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Iamgold Corporation (NYSE:IAG)
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Chart

Iamgold Corporation (IAG) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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