National Bank Financial Comments on IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Investment analysts at National Bank Financial increased their FY2025 EPS estimates for shares of IAMGOLD in a research report issued to clients and investors on Tuesday, December 17th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings per share of $0.97 for the year, up from their previous estimate of $0.94. National Bank Financial currently has a "Outperform" rating on the stock. The consensus estimate for IAMGOLD's current full-year earnings is $0.58 per share.

Several other equities research analysts have also recently weighed in on IAG. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "buy" rating in a report on Tuesday, October 22nd. StockNews.com raised shares of IAMGOLD from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Royal Bank of Canada reiterated a "sector perform" rating and set a $6.00 target price on shares of IAMGOLD in a report on Tuesday, October 22nd. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "buy" rating and boosted their price target for the company from $7.75 to $10.50 in a report on Tuesday, October 22nd. Finally, CIBC upgraded IAMGOLD from a "neutral" rating to a "sector outperform" rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.68.

IAMGOLD Trading Up 0.2 %

Shares of NYSE:IAG traded up $0.01 on Thursday, reaching $5.09. 5,692,890 shares of the company traded hands, compared to its average volume of 8,843,648. IAMGOLD has a 52 week low of $2.23 and a 52 week high of $6.37. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The business's 50-day simple moving average is $5.44 and its 200 day simple moving average is $4.79. The stock has a market capitalization of $2.91 billion, a P/E ratio of 3.98 and a beta of 1.56.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of IAMGOLD during the 2nd quarter valued at $183,000. Intact Investment Management Inc. increased its position in IAMGOLD by 99.2% during the 2nd quarter. Intact Investment Management Inc. now owns 1,313,100 shares of the mining company's stock valued at $4,933,000 after buying an additional 654,000 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in IAMGOLD in the 2nd quarter worth about $56,000. CIBC Asset Management Inc increased its position in shares of IAMGOLD by 28.1% during the second quarter. CIBC Asset Management Inc now owns 680,499 shares of the mining company's stock valued at $2,555,000 after acquiring an additional 149,433 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in IAMGOLD in the 2nd quarter valued at approximately $38,000. 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.