IAMGOLD Corp (TSE:IMG) (NYSE:IAG) – Cormark lifted their FY2017 earnings per share (EPS) estimates for shares of IAMGOLD in a report released on Wednesday. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.13 per share for the year, up from their prior forecast of $0.02. Cormark also issued estimates for IAMGOLD’s Q4 2017 earnings at $0.01 EPS.
A number of other research firms also recently issued reports on IMG. National Bank Financial cut their price objective on shares of IAMGOLD from C$11.00 to C$10.00 and set an “outperform” rating on the stock in a report on Wednesday. Canaccord Genuity lifted their price objective on shares of IAMGOLD from C$9.00 to C$10.50 in a report on Friday, January 19th. Finally, Desjardins reaffirmed a “buy” rating on shares of IAMGOLD in a report on Monday, December 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$8.47.
In related news, insider Jeffery Alexander Snow sold 15,524 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$7.85, for a total value of C$121,863.40. Also, Director Stephen Joseph James Letwin sold 133,825 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$7.85, for a total transaction of C$1,050,526.25.
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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.
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