IAMGOLD Corp (TSE:IMG) – Equities researchers at Cormark reduced their FY2015 EPS estimates for shares of IAMGOLD Corp in a research report issued on Wednesday, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the brokerage will post earnings of ($0.61) per share for the year, down from their previous forecast of ($0.46). Cormark also issued estimates for IAMGOLD Corp’s Q4 2015 earnings at ($0.22) EPS, Q1 2016 earnings at ($0.15) EPS, Q2 2016 earnings at ($0.15) EPS, Q3 2016 earnings at ($0.16) EPS, Q4 2016 earnings at ($0.16) EPS, FY2016 earnings at ($0.61) EPS and FY2017 earnings at ($0.51) EPS.

A number of other research analysts have also recently issued reports on IMG. Canaccord Genuity reduced their price objective on shares of IAMGOLD Corp to C$17.50 and set a “buy” rating for the company in a report on Thursday, November 26th. Macquarie reduced their price objective on shares of IAMGOLD Corp to C$16.00 and set an “outperform” rating for the company in a report on Thursday, November 26th. Scotiabank reiterated a “sector outperform” rating on shares of IAMGOLD Corp in a report on Thursday, November 26th. Finally, TD Securities reduced their price objective on shares of IAMGOLD Corp from C$2.50 to C$2.25 and set a “hold” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. IAMGOLD Corp currently has an average rating of “Hold” and a consensus target price of C$7.37.

IAMGOLD Corp (TSE:IMG) opened at 1.87 on Friday. The stock’s 50 day moving average is $2.02 and its 200 day moving average is $2.14. IAMGOLD Corp has a one year low of $1.50 and a one year high of $3.64. The company’s market capitalization is $731.92 million.

IAMGOLD Corporation (TSE:IMG) is a mid-tier mining company with four operating gold mines on three continents. The Company mines include Rosebel Gold Mine, Essakane Gold Mine, Sadiola Gold Mine and Yatela Gold Mine. IAMGOLD operates in West Africa, the Guiana Shield of South America and Quebec and has a pipeline of development and exploration projects. The Company holds 95% ownership in the Rosebel Gold Mine, which is located in the Suriname, South America. The Company’s 90% owned Essakane Gold Mine mine is located in the Burkina Faso, West Africa. The Company holds 40% interest in the Sadiola Gold Mine, which is located in the Mali, North Western Africa. It also holds 40% interest in the Yatela Gold Mine, which is located in the Mali, North Western Africa. The Company also holds Greenfield exploration projects, which include the Boto Gold Project, the Siribaya exploration project and the Monster Lake project.

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