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

IAMGOLD (NYSE:IAG) (TSE:IMG) posted its earnings results on Thursday. The mining company reported $0.10 earnings per share (EPS) 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%. The company had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million.

IAMGOLD Stock Performance

Shares of NYSE IAG traded down $0.57 during mid-day trading on Friday, hitting $5.75. The company had a trading volume of 7,949,713 shares, compared to its average volume of 12,076,494. IAMGOLD has a 12 month low of $2.51 and a 12 month high of $6.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 4.51 and a beta of 1.56. The firm’s 50 day simple moving average is $5.76 and its two-hundred day simple moving average is $5.39.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded IAMGOLD from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.