Purchasing IAMGOLD Corporation

Posted on May 15, 2007 , filed under Stocks | Print This Post

Today, I purchased 1000 shares of IAMGOLD Corporation, (NYSE: IAG) at $7.19. IAG has hit a new 52-week low of $7.15 in current intraday trading. The company announced that it has missed Q1 2007 earnings expectations by a penny.

Here is a synopsis of the earnings results taken from Yahoo! Finance:

8:48AM IAMGOLD misses by a penny (IAG) 7.29 : Reports Q1 (Mar) earnings of $0.04 per share, $0.01 worse than the Reuters Estimates consensus of $0.05; revenues rose 114.6% year/year to $148.7 mln vs the $146.5 mln consensus.

I added IAG to my watchlist of gold stocks on May 12th, 2007.

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