Research Analysis of IAMGOLD Corp. (NYSE:IAG)

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IAMGOLD Corp. (NYSE:IAG) Canadian Co Engaged In The Acquisition, Exploration And Development Of Gold Mines In Africa, South America And Canada. Belonging to the Basic Materials sector which declined -3.8% and closed its last trading session at $4.05.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 11/1/2016. Currently, the stock has a 1 Year Price Target of $5.67.

The consensus recommendation, according to Zacks Investment research, is 3. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 3 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3.14 and 3.83 respectively.

IAMGOLD Corp. on 6/30/2016 reported its EPS as $0.01 with the analysts projecting the EPS of the stock as $-0.02. The company beat the analyst EPS Estimate with the difference of $0.03. This shows a surprise factor of 150%.

Many analysts have provided their estimated foresights on IAMGOLD Corp. Earnings, with 11 analysts believing the company would generate an Average Estimate of $0.02. Whereas they predicted High and Low Earnings Estimate as $0.05 and $-0.04 respectively. While in the same Quarter Previous year, the Actual EPS was $-0.12.

Analysts are also projecting an Average Revenue Estimate for IAMGOLD Corp. as $269.93 Million in the Current Quarter. This estimate is provided by 3 analysts. The High Revenue estimate is predicted as 284.58 Million, while the Low Revenue Estimate prediction stands at 261.96 Million. The company’s last year sales total was 207.6 Million.

For the Current Quarter, the growth estimate for IAMGOLD Corp. is 116.7%, while for the Next Quarter the stock growth estimate is 112.5%. In the past 5 years, the stock showed growth of -53.09% per annum. While for the next 5 years, the growth estimate is 3%.

The Company got Initiated by Credit Suisse on 18-Aug-16 to Neutral.

13 analysts projected Price Targets for IAMGOLD Corp. The analysts believe that the company stock price could grow as high as $7.65. The Low Price target projection by analysts is $3.8 and the Mean Price Target is $5.67.

IAMGOLD Corp. (NYSE:IAG) has the market capitalization of $1.9 Billion. The company rocked its 52-Week High of $5.87 on Aug 4, 2016 and touched its 52-Week Low of $1.15 on Jan 20, 2016. The stock has Return on Assets (ROA) of -20.7 percent. Return on Equity (ROE) stands at -34% and Return on Investment (ROI) of -29.7 percent.

The stock is currently showing YTD performance of 185.21 Percent. The company has Beta Value of 0.15 and ATR value of 0.26. The Weekly and Monthly Volatility stands at 4.93% and 6.11%.

Company profile:

IAMGOLD Corp is an international gold exploration and mining company based in Canada. It holds a 38% stake in the Sadiola Gold Mine and a 40% stake in the Yatela Gold Mine. Both are located in Mali, West Africa. Measured and indicated resources at Sadiola and Yatela are 5.5 million ounces of gold (including reserves of 5.2 million ounces). Inferred resources are 5.9 million ounces. IAMGOLD is actively exploring highly prospective ground in Africa and South America.