What is Cormark's Estimate for IAMGOLD Q4 Earnings?

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Equities researchers at Cormark raised their Q4 2024 earnings per share (EPS) estimates for IAMGOLD in a report issued on Monday, November 11th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.22 per share for the quarter, up from their prior forecast of $0.21. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share. Cormark also issued estimates for IAMGOLD's FY2025 earnings at $1.31 EPS.

IMG has been the subject of several other reports. National Bankshares increased their price target on IAMGOLD from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. National Bank Financial upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada downgraded IAMGOLD from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$6.91.

IAMGOLD Stock Down 0.4 %

Shares of TSE IMG traded down C$0.03 during midday trading on Wednesday, hitting C$6.99. 1,320,072 shares of the company's stock were exchanged, compared to its average volume of 1,550,276. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm's fifty day simple moving average is C$7.23 and its 200-day simple moving average is C$6.18. The company has a market cap of C$3.99 billion, a PE ratio of 22.25, a P/E/G ratio of -0.28 and a beta of 1.47. IAMGOLD has a twelve month low of C$2.87 and a twelve month high of C$8.80.

Insider Activity at IAMGOLD

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of C$7.09, for a total transaction of C$99,206.80. In related news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Also, Director Renaud Adams purchased 36,000 shares of IAMGOLD stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of C$6.95 per share, with a total value of C$250,102.80. 0.10% of the stock is owned by corporate 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.