IAMGOLD Corporation (NYSE:IAG) on Friday cautioned it will do no improved than break even at the operating level current year as the operator of British Airways and Iberia moved toward a net loss in the Q1 as increasing fuel costs and the impact of a strike by Spanish pilots offset the benefit of increased passenger yields.
IAG reported that the outlook for 2012 is subject to a number of worries, contrasting the strong demand mainly for business-class and first-class seats to and from British Airway’s London center with the gloomy outlook for the stressed Spanish economy which poorly hit Iberia in the Q1 as fuel prices remained high.
Sector analysis, over all basic material sector moved down, Kinross Gold Corporation (USA) (NYSE:KGC) surged +0.13%, Yamana Gold Inc. (USA) (NYSE:AUY) lost -1.38%, Newmont Mining Corporation (NYSE:NEM) fell -1.82%, Goldcorp Inc. (USA) (NYSE:GG) move down -1.30%, Barrick Gold Corporation (USA) (NYSE:ABX) which also decreased -1.93% and Silver Wheaton Corp. (USA) (NYSE:SLW) slipped -0.15%.
IAMGOLD Corporation (USA) (NYSE:IAG) stock in last session held volume of 2.35 million shares as compare to its average volume of 2.95 million shares. The stock after opening at $10.87 hit high price of $11.07 and then closed at $10.85 by plunging -0.73%.
As the revenue measures IAG generated revenue of 1.67 billion in the following twelve months income of $391.34 million. The Company showed a positive 25.58% in the net profit margin and in addition to in its operating margin which remained 37.44%. Company’s annual sales growth for the past five year was 40.71%.
The stock showed weekly downbeat performance of -5.73% which was maintained for the month at -15.43%. Likewise the negative performance for the quarter was recorded as -33.52% and for the year was -41.57% while the YTD performance remained at -31.55%.
The IAG past twelve months price to sales ratio was 2.44 and price to cash ratio remained 3.55. As far as the returns are concern, the IAG return on equity was recorded as 12.67% and increased 12.12% return on investment while its return on asset stayed at 11.00%.
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