FY2026 Earnings Estimate for IAMGOLD Issued By Cormark

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities researchers at Cormark issued their FY2026 earnings estimates for shares of IAMGOLD in a research report issued to clients and investors on Monday, November 11th. Cormark analyst R. Gray forecasts that the mining company will post earnings per share of $1.37 for the year. The consensus estimate for IAMGOLD's current full-year earnings is $0.56 per share.

IAG has been the subject of several other reports. StockNews.com raised IAMGOLD from a "hold" rating to a "buy" rating in a research report on Monday. CIBC lifted their target price on IAMGOLD from $5.40 to $6.40 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. National Bank Financial raised IAMGOLD from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "buy" rating and lifted their price objective for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Finally, Scotiabank raised their price target on shares of IAMGOLD from $4.75 to $5.50 and gave the stock a "sector perform" rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $6.68.

IAMGOLD Price Performance

NYSE IAG remained flat at $4.99 during mid-day trading on Thursday. 8,442,990 shares of the company were exchanged, compared to its average volume of 9,077,891. The stock has a market cap of $2.85 billion, a PE ratio of 3.90 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD has a fifty-two week low of $2.11 and a fifty-two week high of $6.37. The company has a 50 day moving average of $5.29 and a 200 day moving average of $4.54.

Institutional Trading of IAMGOLD

Several institutional investors and hedge funds have recently made changes to their positions in IAG. Van ECK Associates Corp increased its position in shares of IAMGOLD by 8.8% during the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company's stock valued at $276,639,000 after acquiring an additional 4,267,084 shares during the last quarter. Donald Smith & CO. Inc. increased its position in shares of IAMGOLD by 0.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 36,077,268 shares of the mining company's stock valued at $120,137,000 after purchasing an additional 298,959 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of IAMGOLD by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 17,678,843 shares of the mining company's stock worth $58,871,000 after purchasing an additional 168,302 shares during the period. FMR LLC boosted its holdings in shares of IAMGOLD by 107.9% in the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company's stock worth $46,174,000 after buying an additional 4,577,599 shares during the last quarter. Finally, Millennium Management LLC grew its position in IAMGOLD by 194.2% during the second quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company's stock valued at $29,573,000 after buying an additional 5,204,715 shares during the period. Hedge funds and other institutional investors own 47.08% 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.