IAMGOLD (TSE:IMG) Issues Quarterly Earnings Results

IAMGOLD (TSE:IMG) (NYSE:IAG) posted its quarterly earnings data on Tuesday. The mining company reported C$0.96 EPS for the quarter, FiscalAI reports. IAMGOLD had a return on equity of 27.91% and a net margin of 49.57%.The firm had revenue of C$1.46 billion during the quarter.

IAMGOLD Stock Performance

TSE IMG opened at C$28.40 on Wednesday. The business has a 50 day moving average price of C$25.14 and a 200 day moving average price of C$19.40. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. The company has a market capitalization of C$16.84 billion, a P/E ratio of 49.82, a PEG ratio of -0.28 and a beta of 1.60. IAMGOLD has a 1-year low of C$7.27 and a 1-year high of C$30.54.

Wall Street Analysts Forecast Growth

IMG has been the topic of several recent research reports. TD Securities boosted their price objective on shares of IAMGOLD from C$24.00 to C$34.00 in a research note on Thursday, January 22nd. Stifel Nicolaus boosted their price target on shares of IAMGOLD from C$28.00 to C$40.00 in a research note on Tuesday, February 10th. Finally, National Bank Financial lifted their price objective on IAMGOLD from C$28.00 to C$34.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, IAMGOLD presently has an average rating of “Buy” and a consensus price target of C$27.17.

IAMGOLD Company Profile

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company’s operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.