National Bank Financial Weighs in on IAMGOLD FY2024 Earnings

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - National Bank Financial reduced their FY2024 earnings per share estimates for IAMGOLD in a note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings per share of $0.80 for the year, down from their prior estimate of $0.82. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share. National Bank Financial also issued estimates for IAMGOLD's Q4 2024 earnings at $0.17 EPS.

Other analysts have also recently issued reports about the company. Stifel Nicolaus raised their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bankshares raised their target price on IAMGOLD from C$12.00 to C$13.50 and gave the stock an "outperform" rating in a research note on Tuesday. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Raymond James raised IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, IAMGOLD presently has a consensus rating of "Buy" and a consensus price target of C$8.68.

IAMGOLD Trading Down 3.2 %

Shares of TSE IMG traded down C$0.30 during trading hours on Wednesday, hitting C$8.98. The company's stock had a trading volume of 1,706,347 shares, compared to its average volume of 1,790,552. The company has a debt-to-equity ratio of 28.93, a quick ratio of 1.19 and a current ratio of 0.89. The stock has a market cap of C$3.65 billion, a price-to-earnings ratio of 4.66, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a 12 month low of C$3.22 and a 12 month high of C$9.68. The business has a 50-day simple moving average of C$8.15 and a 200-day simple moving average of C$7.39.

Insiders Place Their Bets

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of IAMGOLD stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. 0.10% of the stock is currently owned by company insiders.

IAMGOLD Company Profile

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.