Why IAMGOLD Corp (USA) Stock Popped 10% This Morning
Shares of gold miner IAMGOLD (NYSE: IAG) jumped 10.4% in early-morning trading Wednesday, after it reported its operational and financial performance for third-quarter 2017. According to the Associated Press, IAMGOLD reported net income of $0.07 per share versus Wall Street analyst estimates of $0.02 per share for the quarter.
IAMGOLD stock is looking shiny this morning. Image source: Getty Images.
That's actually not quite correct. Reviewing IAMGOLD's report, available on its website, it turns out that what the gold miner actually reported was "adjusted net earnings" of $0.07, a non-GAAP (generally accepted accounting principles) measure. Be that as it may, the number was more than twice the $0.03 in adjusted net earnings that IAMGOLD reported in the year-ago quarter -- so, an improvement.
Source: Fool.com
IAMGOLD Corp. Stock
We see a rather positive sentiment for IAMGOLD Corp. with 7 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 4 € is below the current price of 4.34 € for IAMGOLD Corp., so the potential is actually -7.88%.
