News stories about IAMGOLD (NYSE:IAG) (TSE:IMG) have trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IAMGOLD earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the mining company an impact score of 45.6246391493199 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Will Gold’s Inflation Hedge See It through 2018? (finance.yahoo.com)
- Gold’s Outlook: How Likely Is a Surprise Rate Hike by the Fed? (finance.yahoo.com)
- IAMGOLD Corporation (NYSE:IAG) – Hot Stock in the Spotlight – Nasdaq Journal (nasdaqjournal.com)
- Active Stock Evaluation – IAMGOLD Corporation (NYSE: IAG) – Alpha Beta Stock (alphabetastock.com)
- IAMGOLD Corporation (IAG) In Active Momentum Stocks- ZTO Express (Cayman) Inc. (ZTO) – Investing News Update (investingbizz.com)
A number of equities analysts recently commented on IAG shares. Zacks Investment Research lowered IAMGOLD from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Royal Bank of Canada set a $8.00 price objective on IAMGOLD and gave the stock a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $8.00 price objective on shares of IAMGOLD in a research note on Wednesday, November 8th. Scotiabank reaffirmed a “hold” rating on shares of IAMGOLD in a research note on Tuesday, November 14th. Finally, TheStreet lowered IAMGOLD from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.07.
IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its quarterly earnings results on Tuesday, November 7th. The mining company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. IAMGOLD had a return on equity of 1.81% and a net margin of 48.66%. The firm had revenue of $268.80 million for the quarter, compared to analyst estimates of $268.62 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. equities research analysts anticipate that IAMGOLD will post 0.08 EPS for the current year.
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IAMGOLD Corporation (IAMGOLD) is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. IAMGOLD is a mid-tier mining company with approximately four operating gold mines on over three continents.
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