IAMGOLD Corp (USA)(NYSE:IAG) Remains Oncourse


Dallas, Texas 03/10/2014 (FINANCIALSTRENDS) – IAMGOLD Corp (USA)(NYSE:IAG), the Toronto based mining company has been under watchful eyes of analysts as the company continues to build on its assets.

There have been a few downgrades by some analysts, but the overall census remains a reiteration of the status of the company.

This mining company is different from most other precious metal miners, for it also operates as a niobium mine as well. The other explorations which this miner operates are a diamond royalty site, as well as continued exploration in regions such as Africa as well as the Americas.

Recently, analysts were keen that investors begin to sell over their previous sell option. The reason for the downgrade was attributed to multiple area weakness. Besides, the poor growth in the earnings per share for the company too did not contribute well to the overall rating of the company. The drop in the net income has continued, while the return on equity too has been disappointing. Besides, there is weak operating cash flow, which is disappointing considering the historic performance of the stock.

IAMGOLD Corp (USA)(NYSE:IAG) has marked steep decline in the earnings on a per share basis, in the past quarter. The comparison for the performance has been much lesser than the condition it was in, over the past quarter. The company has also reported that the overall decline in the earnings on a per share basis has been consistent over the previous two years.

IAMGOLD Corp (USA)(NYSE:IAG) the main loss was in the low swing of values, reporting backward flow of $2.21 as against the previous of $0.89 the previous year. The basis of change in the net income for the quarter over the past year has been due to the underperformance as per the S&P 500 and the Metals & Mining indices.