Trader’s Watch List: IAMGOLD Corp (USA) (NYSE:IAG), Quanta Services Inc (NYSE:PWR)

On Thursday, Shares of IAMGOLD Corp (USA) (NYSE:IAG), subtract -3.39% and shut at $3.70 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $3.61 and $3.98. IAMGOLD Corporation (“IAMGOLD” or the “Company”) recently reports its financial and operating results for the quarter ended September 30, 2016.

“We had strong third quarter results, with net earnings increasing $102 million and net operating cash flow increasing $117 million from the same period last year,” said Steve Letwin, IAMGOLD President and CEO. “Comparing results to the second quarter, net earnings rose $29 million and net operating cash flow raised by $55 million. Gold production raised by 7% from the second quarter to 210,000 ounces and all-in sustaining costs were reduced by $68 an ounce to $1,046 an ounce. Essakane’s performance was stellar, with production up 17% and all-in sustaining costs at $815 an ounce, and Rosebel’s performance optimization programs are transforming the operation. Lower operating costs are a major reason for reducing our merged cash costs guidance for 2016 to $740 – $770 an ounce.

Shares of Quanta Services Inc (NYSE:PWR), added 0.06 % and shut at $32.25 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $31.74 and $32.42. The association’s commercial center capitalization is $4.94 Billion with the general uncommon loads of 14.55 million. Quanta Services, Inc. provides specialty contracting services to the electric power, and oil and gas industries in North America and internationally. The company operates through two segments, Electric Power Infrastructure Services and Oil and Gas Infrastructure Services. The company¬ís Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities. It also provides emergency restoration services, counting the repair of infrastructure. In addition, this segment designs, installs, and maintains renewable energy generation facilities comprising solar, wind, and various types of natural gas generation facilities, in addition to related switchyards and transmission infrastructure to transport power; and commercial and industrial wiring. Further, it installs traffic networks; cable and control systems for light rail lines; and ancillary telecommunication infrastructure services. The company¬ís Oil and Gas Infrastructure Services segment provides network solutions to customers involved in the development and transportation of natural gas, oil, and other pipeline products. Its services include the design, installation, repair, and maintenance of pipeline transmission and distribution systems, gathering systems, production systems, and compressor and pump stations, in addition to related trenching, directional boring, and automatic welding services.

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