Desjardins Weighs in on Iamgold Corp’s Q4 2018 Earnings (IMG)

Iamgold Corp (TSE:IMG) (NYSE:IAG) – Analysts at Desjardins lowered their Q4 2018 earnings per share (EPS) estimates for shares of Iamgold in a research report issued to clients and investors on Monday, January 7th. Desjardins analyst J. Wolfson now anticipates that the mining company will post earnings of $0.00 per share for the quarter, down from their prior forecast of $0.01.

A number of other research firms have also recently commented on IMG. TD Securities cut their target price on shares of Iamgold from C$10.50 to C$10.00 and set a “buy” rating for the company in a research note on Thursday, November 8th. Canaccord Genuity reaffirmed an “average” rating and set a C$9.00 price objective on shares of Iamgold in a research note on Tuesday. BMO Capital Markets reaffirmed a “buy” rating on shares of Iamgold in a research note on Monday, December 17th. National Bank Financial dropped their price objective on shares of Iamgold from C$9.25 to C$8.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. Finally, CSFB reaffirmed a “neutral” rating on shares of Iamgold in a research note on Wednesday, September 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$8.25.

IMG stock opened at C$4.91 on Thursday. The company has a debt-to-equity ratio of 13.81, a current ratio of 4.31 and a quick ratio of 3.27. Iamgold has a 52 week low of C$3.64 and a 52 week high of C$8.20.

Iamgold (TSE:IMG) (NYSE:IAG) last released its earnings results on Tuesday, November 6th. The mining company reported C($0.01) EPS for the quarter, hitting analysts’ consensus estimates of C($0.01). The company had revenue of C$319.93 million for the quarter.

Iamgold Company Profile

IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. It also explores for copper and silver. The company owns interests in the Rosebel gold mine located in north eastern Suriname, South America; the Essakane gold mine in north-eastern Burkina Faso, West Africa; the Westwood gold mine in southwestern Québec, Canada; and the Sadiola Gold Mine located in southwest Mali, West Africa.

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Earnings History and Estimates for Iamgold (TSE:IMG)

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