Wall Street brokerages expect that Iamgold Corp (NYSE:IAG) (TSE:IMG) will report earnings per share of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Iamgold’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.01. Iamgold posted earnings per share of $0.09 in the same quarter last year, which would indicate a negative year-over-year growth rate of 77.8%. The company is scheduled to report its next earnings report on Monday, May 6th.
On average, analysts expect that Iamgold will report full year earnings of $0.06 per share for the current year, with EPS estimates ranging from ($0.04) to $0.10. For the next financial year, analysts anticipate that the business will report earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Iamgold.
Iamgold (NYSE:IAG) (TSE:IMG) last released its quarterly earnings results on Wednesday, February 20th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). The business had revenue of $274.30 million for the quarter, compared to analysts’ expectations of $273.84 million. Iamgold had a negative net margin of 2.54% and a positive return on equity of 1.07%. Iamgold’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) EPS.
Iamgold stock traded up $0.11 during mid-day trading on Thursday, reaching $3.44. 4,317,624 shares of the company’s stock traded hands, compared to its average volume of 5,510,122. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 57.33, a PEG ratio of 20.24 and a beta of -0.35. The company has a quick ratio of 3.57, a current ratio of 4.78 and a debt-to-equity ratio of 0.14. Iamgold has a 12-month low of $2.75 and a 12-month high of $6.33.
A number of hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its position in Iamgold by 4.2% during the fourth quarter. LPL Financial LLC now owns 98,876 shares of the mining company’s stock valued at $364,000 after acquiring an additional 4,000 shares during the last quarter. Virtu Financial LLC increased its position in Iamgold by 7.9% during the fourth quarter. Virtu Financial LLC now owns 74,149 shares of the mining company’s stock valued at $273,000 after acquiring an additional 5,407 shares during the last quarter. CIBC Asset Management Inc increased its position in Iamgold by 3.2% during the fourth quarter. CIBC Asset Management Inc now owns 255,886 shares of the mining company’s stock valued at $939,000 after acquiring an additional 7,896 shares during the last quarter. Smithbridge Asset Management Inc. DE bought a new position in Iamgold during the first quarter valued at $35,000. Finally, Maven Securities LTD bought a new position in Iamgold during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 59.12% of the company’s stock.
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa.
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