FY2024 Earnings Forecast for IAMGOLD Issued By Raymond James

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Raymond James upped their FY2024 earnings estimates for IAMGOLD in a research note issued to investors on Tuesday, January 14th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.91 per share for the year, up from their previous forecast of $0.85. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share.

A number of other research firms have also recently issued reports on IMG. National Bankshares lowered their target price on IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating for the company in a research note on Thursday, January 9th. Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. National Bank Financial raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus upped their price objective on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, IAMGOLD has an average rating of "Buy" and a consensus price target of C$8.30.

IAMGOLD Trading Up 2.5 %

IMG stock traded up C$0.19 during midday trading on Thursday, hitting C$7.84. 1,481,204 shares of the company's stock were exchanged, compared to its average volume of 1,692,142. IAMGOLD has a one year low of C$3.00 and a one year high of C$8.80. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. The company has a market cap of C$4.47 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The stock's fifty day moving average price is C$7.63 and its 200-day moving average price is C$6.90.

Insider Transactions at IAMGOLD

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

About IAMGOLD

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.