IGM Financial (IGIFF) Projected to Post Quarterly Earnings on Thursday

IGM Financial (OTCMKTS:IGIFF) is expected to announce its results after the market closes on Thursday, May 7th. Analysts expect the company to announce earnings of $0.8560 per share and revenue of $712.8350 million for the quarter.

IGM Financial Stock Performance

Shares of IGIFF opened at $55.82 on Tuesday. The company’s 50 day simple moving average is $49.64 and its 200-day simple moving average is $45.75. IGM Financial has a 12-month low of $28.83 and a 12-month high of $56.41.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on IGIFF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of IGM Financial in a research report on Tuesday, February 17th. TD Securities restated a “buy” rating on shares of IGM Financial in a research report on Tuesday, February 17th. BMO Capital Markets restated a “market perform” rating on shares of IGM Financial in a research report on Wednesday, April 29th. Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a report on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of IGM Financial in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, IGM Financial presently has an average rating of “Hold”.

About IGM Financial

IGM Financial Inc is a Canada-based wealth and asset management company that provides a range of financial planning and investment solutions to individual and institutional clients. Through its wholly owned subsidiaries—IG Wealth Management, Mackenzie Investments, and Investment Planning Counsel—the firm offers advisory services, mutual funds, segregated funds, and a suite of managed portfolio solutions designed to meet diverse investor needs. IGM’s business model centers on delivering fee-based and commission-based products through a network of financial advisors and distribution partners across Canada.

The company’s flagship arm, IG Wealth Management, operates one of the largest financial advisor networks in the country, offering advice on retirement planning, tax strategies, estate and legacy planning, and insurance products.