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IAG $3.64

IAG target price
3.64
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Iamgold Corporation
Traded as TSX: IMG
NYSE: IAG
Industry Gold Mines
Founded 1991 as International African Mining Gold Corporation
Founder Mark Nathanson and William Pugliese
Headquarters Toronto, Ontario, Canada
Key people
Donald K. Charter Chairman and Director
Stephen Letwin, President and CEO
Gordon Stothart, Executive Vice President and COO
Carol Banducci, Executive Vice President and CFO
Number of employees
5,600 (2008)
Website www.iamgold.com

Iamgold Corporation is a Toronto-based international gold producer. The company is engaged in the exploration, development, and production of mineral resource properties throughout the world.

IAMGOLD has an annual production of approximately 800,000 ounces of gold from operations in North America, South America, and West Africa.

In Q1 2017 IAMGOLD reported attributable gold production of 214,000 ounces at all-in sustaining costs of $992 per ounce sold. For the quarter the Company posted a net loss of $18 million.

The following mines provide attributable gold production to the company:

The Company is exploring and progressing feasibility studies on a number of options. Projects of note include, but are not limited to:

At the end of 2014, IAMGOLD held an 86% interest in Euro Ressources, a French corporation, which in turn held a royalty on IAMGOLD's Rosebel mine, and 14% of Colombus Gold's outstanding shares. Colombus Gold is focused on the development of the Montagne d'Or Gold Deposit, located on the Paul Isnard concession in French Guiana, which hosts an NI43-101 in-pit gold resource of 3.9 million ounces at approximately 1.5 g/t.

In January 2017 IAMGOLD released a positive preliminary economic assessment for the Côté Gold project that outlined a 21-year mine life producing an average of 302,000 ounces of gold annually at average total cash costs of $564/oz and all-in sustaining costs of $686/oz.

In June 2017 IAMGOLD released a positive Pre-Feasibility Study for its Côté Gold Project in Northern Ontario that outlined proven and probable gold reserves of 5.9 million ounces. The study estimated a 17-year mine life producing an average of 320,000 ounces of gold annually.

IAMGOLD and its predecessor companies have existed since 1986. Notable divested and closed mines from IAMGOLD and its predecessor companies include:

Stephen Letwin was appointed President and Chief Executive Officer of Iamgold on November 1, 2010. Letwin held executive positions at Enbridge Inc., TransCanada Energy and TransCanada Pipelines prior to joining Iamgold. He is a certified general accountant and a member of the Certified General Accountants of Ontario. He holds an MBA from the University of Windsor and is a graduate of the Harvard Advanced Management Program.

The company announced on January 23, 2013, that it is reducing exploration activity in Mali as a result of events in this country. This is not expected to impact production at the two mines in Mali where the company holds an operating interest.

In December 2016 IAMGOLD announced it would acquire junior mining company Merrex Gold. Merrex's primary assets were gold properties in West Mali, Guinea and Nova Scotia.

In June 2017 IAMGOLD closed a transaction with Sumitomo Metal Mining Co., a Japanese based mining company, to develop the Côté Gold Project in Ontario. Sumitomo purchased a 30% stake in Côté in exchange for a $195 million investment.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-01 Future report Set alerts
Q2 2022 2022-08-03 -0.01 -0.01
Q1 2022 2022-05-03 0.00 0.00
Q4 2021 2022-02-23 0.09 0.09
Q3 2021 2021-11-03 -0.04 -0.04
Q2 2021 2021-08-04 -0.01 -0.01
Q1 2021 2021-05-03 0.01 0.01
Q4 2020 2021-02-17 0.04 0.04
Q3 2020 2020-11-04 0.00 0.00
Q2 2020 2020-08-05 0.04 0.05

Ratings

2016-07-13 Upgrade Scotiabank Underperform to Sector Perform
2016-06-30 Upgrade Credit Suisse Underperform to Neutral $3.00 to $5.25
2016-06-30 Upgrade Credit Suisse Group AG Underperform to Neutral $3.00 to $5.25
2016-06-27 Upgrade CIBC Sector Underperform to Sector Perform
2016-06-15 Reiterated Rating Credit Suisse Hold
2016-06-15 Reiterated Rating Canaccord Genuity Hold
2016-05-18 Downgrade Howard Weil Sector Perform to Underperform
2016-05-05 Upgrade Macquarie Underperform to Neutral
2016-05-05 Reiterated Rating Credit Suisse Sell $2.00
2016-04-12 Boost Price Target RBC Capital $2.25 to $2.75
2016-04-12 Boost Price Target Royal Bank Of Canada $2.25 to $2.75
2016-04-08 Boost Price Target CIBC $2.00 to $2.15
2016-04-01 Reiterated Rating Credit Suisse Neutral
2016-03-14 Boost Price Target Raymond James $1.50 to $2.75
2016-03-14 Boost Price Target Raymond James Financial Inc. $1.50 to $2.75
2016-02-19 Boost Price Target CIBC Sector Underperformer $1.75 to $2.00
2016-02-19 Downgrade Mackie Hold to Sell $2.00 to $2.50
2016-02-12 Upgrade Goldman Sachs Sell to Neutral
2016-02-12 Upgrade Goldman Sachs Group Inc. Sell to Neutral
2016-01-21 Upgrade Raymond James Underperform to Market Perform
2016-01-20 Upgrade Canaccord Genuity Sell to Hold
2016-01-14 Lower Price Target Barclays $2.00 to $1.50
2016-01-14 Lower Price Target Barclays PLC $2.00 to $1.50
2015-11-26 Reiterated Rating CIBC Sector Outperform
2015-11-25 Initiated Coverage Morgan Stanley Underweight $1.35
2015-11-24 Upgrade HSBC Reduce to Hold
2015-10-26 Downgrade HSBC Buy to Reduce $1.15 to $2.11
2015-10-21 Downgrade Canaccord Genuity Hold to Sell
2015-09-08 Lower Price Target HSBC Buy $2.30 to $1.80
2015-09-01 Lower Price Target Scotiabank $2.50 to $2.00
2015-08-24 Lower Price Target RBC Capital Underperform $2.25 to $2.00
2015-08-06 Upgrade Canaccord Genuity Sell to Hold
2015-07-24 Downgrade Raymond James Market Perform to Underperform
2015-07-24 Initiated Coverage CIBC Underperform
2015-07-10 Reiterated Rating Roth Capital Buy
2015-07-10 Downgrade RBC Capital Sector Perform to Underperform $2.75 to $2.25
2015-07-03 Reiterated Rating Roth Capital Buy $3.75 to $3.50
2015-03-24 Boost Price Target Roth Capital Buy $3.50 to $3.75
2015-03-16 Initiated Coverage Raymond James Market Perform $3.25
2015-02-25 Upgrade HSBC Neutral to Overweight $2.28 to $3.00
2015-02-19 Set Price Target Canaccord Genuity Sell $3.25
2015-01-26 Downgrade HSBC Overweight to Underweight
2015-01-22 Set Price Target Roth Capital Buy $3.00 to $3.50
2015-01-09 Downgrade Canaccord Genuity Hold to Sell
2014-11-18 Downgrade Macquarie Neutral to Underperform
2014-11-14 Upgrade HSBC Securities Neutral to Overweight
2014-11-14 Lower Price Target Barclays Underweight $4.00 to $2.00
2014-11-14 Upgrade HSBC Neutral to Overweight
2014-10-06 Boost Price Target Roth Capital Buy $5.25 to $5.50
2014-08-18 Reiterated Rating Societe Generale Sector Perform $4.00 to $4.50
2014-08-14 Lower Price Target CIBC Sector Perform $5.00 to $4.50
2014-07-09 Lower Price Target RBC Capital $5.00 to $4.50
2014-05-30 Lower Price Target Roth Capital $3.50 to $3.25
2014-05-08 Lower Price Target TD Securities Hold C$5.00 to C$4.50
2014-05-07 Lower Price Target Canaccord Genuity Hold $5.00
2014-04-08 Lower Price Target Morgan Stanley $4.00 to $3.75
2014-02-21 Downgrade Cormark Reduce
2014-02-21 Lower Price Target Roth Capital $4.50 to $4.25
2014-01-22 Downgrade Dundee Securities Neutral to Sell
2014-01-22 Downgrade Canaccord Genuity Buy to Hold
2014-01-17 Lower Price Target Barclays Underweight $5.00 to $4.00
2014-01-13 Upgrade Canaccord Genuity Hold to Buy
2013-12-17 Downgrade Macquarie Outperform to Neutral
2013-12-12 Upgrade Goldman Sachs Sell to Neutral
2013-11-26 Downgrade Morgan Stanley Equal Weight to Underweight $4.75
2013-11-07 Downgrade TD Securities Buy to Hold
2013-11-07 Downgrade Barclays Equal Weight to Underweight $7.00 to $5.00
2013-11-07 Downgrade HSBC Overweight to Neutral $6.20 to $5.30
2013-11-07 Downgrade Canaccord Genuity Buy to Hold
2013-11-07 Downgrade Roth Capital Buy to Neutral $5.50 to $5.25
2013-10-24 Initiated Coverage Canaccord Genuity Buy
2013-10-21 Upgrade HSBC Neutral to Overweight
2013-10-10 Initiated Coverage Roth Capital Buy $5.50
2013-09-20 Initiated Coverage Goldman Sachs Sell
2013-06-14 Initiated Global Hunter Securities Buy $7.50
2013-02-21 Reiterated BMO Capital Markets Market Perform $14 to $11
2013-01-24 Downgrade Stifel Nicolaus Buy to Hold
2013-01-23 Downgrade BMO Capital Markets Outperform to Market Perform $16 to $14
2013-01-15 Reiterated BMO Capital Markets Outperform $33 to $38
2012-11-15 Upgrade BMO Capital Markets Market Perform to Outperform
2016-07-13 Upgrade Scotiabank Underperform to Sector Perform
2016-06-30 Upgrade Credit Suisse Underperform to Neutral $3.00 to $5.25
2016-06-30 Upgrade Credit Suisse Group AG Underperform to Neutral $3.00 to $5.25
2016-06-27 Upgrade CIBC Sector Underperform to Sector Perform
2016-06-15 Reiterated Rating Credit Suisse Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks