(NYSE: IAG) (TSE: IMG) The IAMGOLD Corporation IAMGOLD. IAMGOLD’s earnings per share (EPS) projections for the fiscal year 2022 were upgraded by National Bank Financial in a research note published on Wednesday, January 18, 2019. According to the forecasts provided by M. Parkin of National Bank Financial, the earnings per share of the mining company are anticipated to swing from a loss of $0.02 to a profit of $0.02 this year. The current estimate for IAMGOLD’s earnings per share for the full year is $(0.02), a number in negative territory. Earnings per share of $0.12 are anticipated to be generated by IAMGOLD during its fiscal year 2023, as stated by projections made by National Bank Financial.
Other research analysts from various companies have recently shared their observations about the company. In a research note released on Tuesday, December 20, BMO Capital Markets increased their price target on IAMGOLD from $1.75 to $2.00. Throughout the investigation, they did not change their stock rating from “market perform” to any other classification. Bank of America previously recommended IAMGOLD with a “buy” rating; however, in a research note published on Wednesday, October 19, October 19, this recommendation was changed to an “underperform” rating. In addition, they lowered the price target that they had set for the stock from $2.10 to $1.65, bringing it closer to the current price. After the publication of a report by Stifel Nicolaus on December 20, IAMGOLD went from having a rating of “sell” to having a rating of “hold.” In a report distributed on Wednesday, December 21, Raymond James increased their price target for IAMGOLD from $1.75 to $2.00. The firm also rated its stock as “underperform,” which means they expect it to perform poorly. Canaccord Genuity Group increased their price objective on IAMGOLD shares from $1.50 to $3.00 and upgraded the company from a “sell” recommendation to a “hold” recommendation in a research report published on Tuesday, December 20. This was the last but not the least of the company’s changes. The stock has been given a rating of “sell” by four financial market analysts, a rating of “Hold” by six other analysts, a rating of “buy” by one analyst, and a recommendation to sell the stock by four financial market analysts. According to information made available by Bloomberg, the stock is currently rated as having a “Hold” recommendation, and the price target has been established at $2.66.
On Monday morning, the price of an IAG share was $2.72 when trading began. The quick ratio is 1.31, the current ratio is 2.00, and the debt-to-equity ratio is 0.38. All of these numbers are relative to the liquidity of the company. All of these numbers should be interpreted in the context of the company’s liquidity. The company’s market capitalization is currently estimated to be 1.30 billion dollars, and it has a price-to-earnings ratio of -4.46, a PEG ratio of 76.58, and a beta value of 1.38. During the last year and a half, the price of IAMGOLD has fluctuated between a low of $0.92 and a high of $3.77. The stock price has been trading at a moving average of $2.27 over the past 50 trading days, while the price has been trading at an average of $1.66 over the last 200 trading days.
IAMGOLD (NYSE: IAG) (TSE: IMG) released its most recent quarterly earnings report on November 8, and November 8, making it available for public consumption. The profit of the mining company for the previous quarter, which came in at $0.05 per share, was in line with the average prediction of $0.05 per share for that profit. In question the company reported total revenue of $343.30 million for the period in question. IAMGOLD had a profitable return on equity, coming in at 2.18%, but its net margin was unprofitable, coming in at 21.69%.
Recently, IAG holdings have been rebalanced by a few different hedge funds and some institutional investors. During the first three months of the fiscal year, Citigroup Inc. made a new investment in IAMGOLD, amounting to approximately 31,000 dollars. First Trust Advisors LP increased its investment in IAMGOLD by approximately $40,000 during the first three months of the current year to grow its holdings in the company. Private Advisor Group LLC increased the amount it spent to improve its holdings in IAMGOLD by approximately $41,000 during the first quarter compared to the amount it spent during the previous quarter. The percentage of IAMGOLD shares held by BlackRock Inc. increased during the company’s third-quarter reporting period was 385.8 percent. BlackRock Inc. now has a total of 63,767 shares of the mining company’s stock following the purchase of an additional 50,642 shares during the most recent quarter. The combined value of BlackRock Inc.’s holdings in the mining company’s stock is $68,000. During the second quarter, Flow Traders U.S. LLC also acquired a new interest in IAMGOLD at a price of approximately $78,000. This interest was valued at that amount. A
Leave a comment