FY2018 EPS Estimates for Iamgold Corp (IMG) Cut by Desjardins

Iamgold Corp (TSE:IMG) (NYSE:IAG) – Analysts at Desjardins lowered their FY2018 earnings estimates for Iamgold in a report released on Monday, January 7th. Desjardins analyst J. Wolfson now expects that the mining company will earn $0.13 per share for the year, down from their prior forecast of $0.14. Desjardins also issued estimates for Iamgold’s Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.05 EPS and FY2019 earnings at $0.20 EPS.

IMG has been the subject of a number of other research reports. National Bank Financial cut 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 report on Monday, November 12th. TD Securities cut their price target on shares of Iamgold from C$10.50 to C$10.00 and set a “buy” rating for the company in a report on Thursday, November 8th. Canaccord Genuity restated an “average” rating and set a C$9.00 price target on shares of Iamgold in a report on Tuesday. BMO Capital Markets restated a “buy” rating on shares of Iamgold in a report on Monday, December 17th. Finally, CSFB restated a “neutral” rating on shares of Iamgold in a report on Wednesday, September 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$8.25.

IMG stock opened at C$4.91 on Wednesday. The company has a quick ratio of 3.27, a current ratio of 4.31 and a debt-to-equity ratio of 13.81. Iamgold has a 12 month low of C$3.64 and a 12 month high of C$8.20.

Iamgold (TSE:IMG) (NYSE:IAG) last released its quarterly earnings data on Tuesday, November 6th. The mining company reported C($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of C($0.01). The business had revenue of C$319.93 million during the quarter.

About Iamgold

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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