IAMGOLD (IAG) to Release Quarterly Earnings on Thursday

IAMGOLD (NYSE:IAG) (TSE:IMG) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $498.68 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

IAMGOLD Trading Up 0.7 %

IAMGOLD stock opened at $6.38 on Wednesday. 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 one year low of $2.48 and a one year high of $6.69. The stock has a market capitalization of $3.64 billion, a PE ratio of 4.98 and a beta of 1.56. The business’s fifty day moving average is $5.72 and its 200 day moving average is $5.36.

Wall Street Analyst Weigh In

IAG has been the topic of several recent analyst reports. CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 2nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $6.00 target price on shares of IAMGOLD in a report on Tuesday, October 22nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating and increased their target price for the company from $7.75 to $10.50 in a report on Tuesday, October 22nd. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.57.

About IAMGOLD

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.