FY2024 EPS Estimates for IAMGOLD Reduced by Analyst

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Stock analysts at National Bank Financial reduced their FY2024 EPS estimates for shares of IAMGOLD in a research report issued on Tuesday, January 14th. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings per share of $0.82 for the year, down from their previous estimate of $0.92. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share. National Bank Financial also issued estimates for IAMGOLD's FY2025 earnings at $1.14 EPS and FY2026 earnings at $1.51 EPS.

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

IAMGOLD Stock Performance

IAMGOLD stock traded up C$0.25 during mid-day trading on Friday, reaching C$8.09. 1,911,886 shares of the company's stock were exchanged, compared to its average volume of 1,710,454. The firm has a market capitalization of C$4.61 billion, a PE ratio of 25.28, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The business's fifty day simple moving average is C$7.65 and its 200 day simple moving average is C$6.94. IAMGOLD has a one year low of C$3.00 and a one year high of C$8.80.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction on Monday, December 9th. The stock was 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 on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. 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.