Cormark Has Negative Forecast for IAMGOLD Q1 Earnings

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Analysts at Cormark dropped their Q1 2025 earnings per share estimates for shares of IAMGOLD in a research note issued to investors on Wednesday, February 26th. Cormark analyst R. Gray now anticipates that the mining company will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.17. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share.

Other analysts have also recently issued reports about the company. Raymond James raised IAMGOLD from a "strong sell" rating to a "hold" rating in a report on Monday, February 3rd. National Bankshares lifted their price target on IAMGOLD from C$12.00 to C$13.50 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, IAMGOLD presently has an average rating of "Buy" and a consensus target price of C$8.68.

IAMGOLD Stock Performance

Shares of TSE IMG traded up C$0.10 during midday trading on Thursday, hitting C$7.97. 1,873,704 shares of the company's stock were exchanged, compared to its average volume of 1,843,783. The company has a quick ratio of 1.19, a current ratio of 0.89 and a debt-to-equity ratio of 28.93. IAMGOLD has a 12 month low of C$3.49 and a 12 month high of C$9.68. The company's 50 day moving average price is C$8.34 and its 200 day moving average price is C$7.65. The firm has a market capitalization of C$3.24 billion, a PE ratio of 4.14, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47.

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Insider Buying and Selling at IAMGOLD

In other IAMGOLD news, Director Renaud Adams purchased 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$8.08 per share, with a total value of C$282,660.00. Also, Director Lawrence Peter O'hagan purchased 4,800 shares of the stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of C$8.11 per share, with a total value of C$38,918.88. Insiders purchased 40,800 shares of company stock valued at $329,549 in the last three months. Corporate insiders own 0.10% of the company's stock.

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.