On Thursday, Shares of Fitbit Inc. (NYSE:FIT), lost -13.63% to $44.60, as the stock was downgraded by research analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Fitbit Inc. provides wearable fitness-tracking devices worldwide. The company makes both wrist bands and clippable devices that monitor a user’s fitness activity by tracking the calories burned or distance covered.
Shares of IAMGOLD Corp. (NYSE:IAG), inclined 13.74% to $1.49, during its last trading session.
IAMGOLD Corporation reports its financial and operating results for the second quarter ended June 30, 2015.
Second Quarter 2015 Overview:
- Attributable gold production of 202,000 oz.; with gold sales of 195,000 oz.
- Production commenced at Essakane’s Falagountou deposit.
- All-in sustaining costs of $1,076/oz; lower than $1,113/oz in Q1/15 and $1,136/oz in Q2/14
- Total cash costs of $817/oz.; lower than $846/oz in Q1/15 and $881/oz in Q2/14.
- Cash, cash equivalents and gold bullion (at market value) of $836.4 million at June 30, 2015.
- Net cash from operating activities of $31.7 million, bringing year-to-date net cash to $61.7 million.
- 2015 production guidance revised due to localized ground fall following a seismic event at Westwood on May 26, 2015:
- Westwood: from 110,000-130,000 oz. to 60,000-75,000 oz.
- Merged (attributable): from 820,000-860,000 oz. to 780,000-815,000 oz.
- 2015 total cash cost guidance maintained at $850-$900/oz. and AISC at $1,075-$1,175/oz.
IAMGOLD Corporation primarily engages in the exploration, development, and operation of gold mining properties. It also explores for silver and copper deposits. The company holds interests in four operating gold mines, in addition to exploration and development projects located in Africa, South America, and Canada.
Finally, McDermott International Inc. (NYSE:MDR), ended its last trade with 7.11% gain, and closed at $4.67.
McDermott International declared that it plans to issue a press release regarding its financial and operational results for the second quarter of 2015 on Monday, August 10, 2015 after the close of trading. A conference call to talk about the results is planned to start at 4:00 pm (US Central Time) / 5:00 pm (US Eastern) on the same date.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation company worldwide. The company operates through three segments: Asia Pacific, Americas, and the Middle East. It focuses on designing and executing offshore oil and gas projects.
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