National Bank Financial Predicts Lower Earnings for IAMGOLD

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Research analysts at National Bank Financial lowered their FY2026 earnings per share (EPS) estimates for IAMGOLD in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst M. Parkin now anticipates that the mining company will earn $1.05 per share for the year, down from their prior forecast of $1.14. National Bank Financial currently has a "Outperform" rating on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $0.60 per share.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "buy" rating and raised their price objective for the stock from $7.75 to $10.50 in a research report on Tuesday, October 22nd. StockNews.com downgraded shares of IAMGOLD from a "buy" rating to a "hold" rating in a research note on Wednesday. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Royal Bank of Canada restated a "sector perform" rating and set a $6.00 price target on shares of IAMGOLD in a research note on Tuesday, October 22nd. Finally, CIBC raised IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.57.

IAMGOLD Trading Up 2.2 %

Shares of NYSE IAG traded up $0.12 during trading on Thursday, hitting $5.46. 9,074,566 shares of the company were exchanged, compared to its average volume of 11,301,492. The company has a fifty day moving average price of $5.39 and a 200-day moving average price of $5.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. The firm has a market capitalization of $3.12 billion, a PE ratio of 4.26 and a beta of 1.56. IAMGOLD has a 12-month low of $2.23 and a 12-month high of $6.37.

Hedge Funds Weigh In On IAMGOLD

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of IAMGOLD by 368.1% in the third quarter. BNP Paribas Financial Markets now owns 1,521,670 shares of the mining company's stock valued at $7,772,000 after buying an additional 1,196,564 shares in the last quarter. Semanteon Capital Management LP purchased a new position in IAMGOLD during the 3rd quarter valued at about $503,000. Connor Clark & Lunn Investment Management Ltd. raised its position in IAMGOLD by 158.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,636,087 shares of the mining company's stock worth $24,301,000 after acquiring an additional 2,839,556 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of IAMGOLD by 8.8% in 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 purchasing an additional 4,267,084 shares in the last quarter. Finally, U S Global Investors Inc. grew its position in shares of IAMGOLD by 241.6% in the third quarter. U S Global Investors Inc. now owns 854,114 shares of the mining company's stock valued at $4,467,000 after purchasing an additional 604,114 shares during the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

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.