BMO Capital Initiates Coverage On IAMGOLD Corp (USA) to Market Perform

BMO Capital Initiates Coverage On IAMGOLD Corp (USA)(IAG). The shares have been rated Market Perform. The rating by BMO Capital was issued on Feb 6, 2017.

IAMGOLD Corp (USA) (IAG) shares turned negative on Tuesdays trading session with the shares closing down -0.03 points or -0.60% at a volume of 1,05,27,034. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.01. The peak price level was also seen at $5.01 while the days lowest was $4.8. Finally the shares closed at $4.94. The 52-week high of the shares is $5.87 while the 52-week low is $1.82. According to the latest information available, the market cap of the company is $2,226 M.

IAMGOLD Corp (USA)(IAG) last announced its earnings results on Nov 7, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $282.40M. Analysts had an estimated revenue of $262.95M. Earnings per share were $0.05. The reported EPS was above estimates by $0.03 or 150.00%. Analysts had estimated an EPS of $0.02.

IAMGOLD Corporation (IAMGOLD) 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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