Iamgold Corporation (NYSE:IAG) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Previous Quarter Performance
Iamgold Corporation revealed income for the second quarter of $ 0.04 per share, from the revenue of $ 284.60 million. According to street consensus, IAG was expected to report 2Q20 income of $ 0.01 per share from revenue of $ 301.19 million. The bottom line results beat street analysts by $ 0.03 or 300.00 percent, at the same time, top line results fell short of analysts by $ 16.59 million or 5.51 percent.
Stock Performance
Shares of Iamgold Corporation traded up $ 0.01 or 0.27 percent on Tuesday, reaching $ 3.72 with volume of 3.21 million shares. Iamgold Corporation has traded high as $ 3.78 and has cracked $ 3.64 on the downward trend
According to the previous trading day, closing price of $ 3.72, representing a 157.64 % increase from the 52 week low of $ 1.44 and a 30.65 % decrease over the 52 week high of $ 5.35.
The company has a market capital of $ 1.76 billion and is part of the Basic Materials sector and Gold industry.
IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. The company owns interests in the Rosebel mine located in Suriname, South America; the Essakane mine in Burkina Faso, West Africa; the Westwood mine in Quebec, Canada; and the Sadiola mine located in Mali, West Africa. Its exploration and development projects include the Boto gold project in Senegal; the Diakha-Siribaya gold project in Mali; the Pitangui project in Brazil; the Côté gold project in Ontario; the Nelligan and Monster Lake projects in Quebec; the Rouyn-Yorbeau project in Quebec; the Loma Larga, a gold, silver, and copper project in southern Ecuador; and the Eastern Borosi project in Northeast Nicaragua.
