Economy

Cormark Research Analysts Decrease Earnings Estimates for IAMGOLD Corp (IMG)

Van ECK Associates Corp boosted its holdings in shares of Iamgold Corporation by 3.5% in the 1st quarter. The mining company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01.

IAMGOLD Corporation (NYSE:IAG) is on recovery track with 123.89% gain from a 1-year low price of $3.14. The mining company reported $0.01 EPS for the quarter, meeting the Zacks' consensus estimate of $0.01. The business had revenue of $274.50 million for the quarter, compared to analyst estimates of $267.07 million. The firm's revenue was up 18.1% compared to the same quarter a year ago. If you are accessing this article on another publication, it was illegally copied and republished in violation of global copyright and trademark law. The correct version of this story can be viewed at https://www.truebluetribune.com/2017/09/11/iamgold-corporation-iag-receives-average-recommendation-of-hold-from-analysts.html. National Bank Financial reissued an "outperform market weight" rating on shares of Iamgold Corporation in a research note on Sunday, May 14th. Scotiabank increased their price objective on shares of Iamgold Corporation from $5.75 to $6.25 and gave the company a "sector perform" rating in a report on Tuesday, August 1st. TD Securities raised Iamgold Corp. from a "hold" rating to a "buy" rating in a report on Tuesday, November 8th.

In terms of Buy, Sell or Hold recommendations, Iamgold Corp (NYSE:IAG) has analysts' mean recommendation of 2.2. Iamgold Corp. has an average rating of "Hold" and a consensus price target of $4.43. Credit Suisse AG increased its position in shares of Iamgold Corp.by 10.5% in the third quarter. The stock's market capitalization is 3.27B. Checking some other stock price data, we can see that the recent distance from the 50 day high was noted at -7.57% and the separation from the 50 day low is presently 32.58%. Iamgold Corporation has a 52-week low of 3.14 and a 52-week high of 7.25. Accern also gave media headlines about the mining company an impact score of 47.199377265693 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future. Van ECK Associates Corp lifted its stake in shares of Iamgold Corporation by 3.5% in the 1st quarter. Similar statistics are true for the second largest owner, Donald Smith & Co., Inc., which owns 44,675,275 shares of the stock are valued at $322.11 million.

Since the beginning of the calendar year, the stock is 9.61%.

11/24/2015 - Iamgold Corporation was upgraded to "hold" by analysts at HSBC. Tocqueville Asset Management L.P. now owns 6,850,300 shares of the mining company's stock valued at $35,348,000 after acquiring an additional 4,437,200 shares during the last quarter. For the current year the company's revenue estimates are $1.08 Billion compared to low analyst estimates of $1.02 Billion and high estimates of $1.13 Billion according to 13 number of analysts.

IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world.



Like this

loading...
loading...

Latest


12 September 2017
JetBlue Airways Corporation (JBLU) Receives "Hold" Rating from Cowen and Company
The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has "Overweight" rating given on Thursday, December 15 by Barclays Capital. Macquarie Group Ltd. boosted its stake in shares of JetBlue Airways Corporation by 2,465.3% during the 1st quarter.

12 September 2017
Grain, Soybean Futures Mixed Ahead of Harvest Report
They also expected the USDA to lower its U.S. 2017 yield estimates for corn and soybeans . Traders shrugged at news of fresh U.S. export business.

12 September 2017
Quaid's 69th death anniversary on Monday
Special prayers will also be offered in mosques across the country for the departed soul of the father of the nation. Shah said that the issue of the Sindh IG was in court and only it had the authority to pass a verdict.

12 September 2017
NFL appeals injunction in Elliott case
Elliott would still be paid, but would not be allowed to work in that instance. According to reports , the appeal was filed in the 5th Circuit of the U.S.

12 September 2017
Indians Register 19th Straight Win Behind Carlos Carrasco, Francisco Lindor
Indians All-Star second baseman Jose Ramirez has departed their game against Detroit with a bruised left forearm. Catcher Yan Gomes brought in the first run of the game when he singled to center field and drove in Santana.

12 September 2017
Transdigm Group Incorporated (TDG) Announces $22.00 Special Dividend
Following the sale, the vice president now directly owns 20,000 shares of the company's stock, valued at approximately $5,004,600. Therefore 61% are positive. 08/03/2017 - Transdigm Group Incorporated had its "buy" rating reiterated by analysts at Jefferies.

12 September 2017
Father, Son Killed After Small Plane Crashes in Benicia
Federal investigators are en route to the site of a fatal weekend plane crash, the Solano County Sheriff's Office said Sunday. Authorities say a father and son died when the small plane they were in crashed in the San Francisco Bay Area.

12 September 2017
Clemson at Louisville, 09/16/17
The junior and reigning Heisman Trophy victor has dazzled the college football scene in his first two games of the year. His broadcast partner, analyst Kirk Herbstreit, agreed. "Only seems logical to see round 2 this year in Louisville!"

12 September 2017
Unlikely Hero: Raiders kicker Giorgio Tavecchio wins game ball vs. Titans
Janikowski, the Raiders' longest-tenured player and all-time leading scorer, made 82.9 percent of his kicks last season. He has a huge leg and it has allowed Oakland to attempt some long field goals with him through the years.

12 September 2017
AGL rely heavily on coal: Frydenberg
But a few hours later, Mr Vesey told the ABC he believed the company could find the best solution for the energy market while still closing the plant down.