IAMGOLD (NYSE:IAG) Posts Earnings Results

IAMGOLD (NYSE:IAG) (TSE:IMG) posted 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 return on equity of 10.01% and a net margin of 49.56%.

IAMGOLD Stock Up 1.5 %

IAG stock traded up $0.10 during midday trading on Thursday, hitting $6.32. The company’s stock had a trading volume of 14,645,686 shares, compared to its average volume of 12,199,569. The company has a market cap of $3.61 billion, a PE ratio of 4.93 and a beta of 1.56. IAMGOLD has a 12 month low of $2.48 and a 12 month high of $6.69. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $5.74 and its 200-day moving average is $5.39.

Wall Street Analysts Forecast Growth

IAG has been the topic of several recent research reports. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.