IAMGOLD (TSE:IMG) Announces Earnings Results

IAMGOLD (TSE:IMG) (NYSE:IAG) issued its earnings results on Thursday. The mining company reported C$0.60 EPS for the quarter, FiscalAI reports. IAMGOLD had a return on equity of 28.08% and a net margin of 31.46%. The company had revenue of C$1.22 billion during the quarter.

IAMGOLD Stock Down 0.1%

IMG stock opened at C$24.46 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.71 and a debt-to-equity ratio of 12.27. IAMGOLD has a fifty-two week low of C$16.90 and a fifty-two week high of C$34.09. The firm’s 50-day simple moving average is C$26.25 and its 200 day simple moving average is C$25.46. The stock has a market cap of C$13.97 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of -0.28 and a beta of 2.54.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IMG shares. National Bank Financial increased their price target on IAMGOLD from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st. TD set a C$34.00 price target on IAMGOLD and gave the stock a “buy” rating in a report on Tuesday, October 20th. Finally, Jefferies Financial Group upgraded IAMGOLD to a “strong-buy” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$35.83.

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.