IAMGOLD (NYSE:IAG) Releases Earnings Results, Misses Expectations By $0.05 EPS

IAMGOLD (NYSE:IAG) (TSE:IMG) released its earnings results on Thursday. The mining company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05), Zacks reports. IAMGOLD had a net margin of 49.56% and a return on equity of 10.01%.

IAMGOLD Trading Up 1.5 %

IAG traded up $0.10 during midday trading on Thursday, reaching $6.32. 14,645,686 shares of the company’s stock traded hands, compared to its average volume of 12,199,569. The firm has a fifty day moving average of $5.74 and a two-hundred day moving average of $5.39. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 4.93 and a beta of 1.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. IAMGOLD has a 52 week low of $2.48 and a 52 week high of $6.69.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IAG shares. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. StockNews.com raised IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.57.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.