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.



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