Q3 Earnings Estimate for IAMGOLD Issued By Stifel Canada

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Analysts at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for IAMGOLD in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the mining company will post earnings per share of $0.11 for the quarter. The consensus estimate for IAMGOLD's current full-year earnings is $0.49 per share.

Other research analysts have also recently issued research reports about the stock. CIBC upped their price target on shares of IAMGOLD from $5.40 to $6.40 and gave the company a "neutral" rating in a report on Tuesday. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "buy" rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 price target on shares of IAMGOLD in a research note on Tuesday. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $7.75 to $10.50 in a research report on Tuesday. Finally, Scotiabank raised their target price on shares of IAMGOLD from $4.75 to $5.50 and gave the company a "sector perform" rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $6.07.

IAMGOLD Trading Down 2.7 %

Shares of NYSE:IAG traded down $0.17 during mid-day trading on Wednesday, reaching $5.95. The stock had a trading volume of 10,934,379 shares, compared to its average volume of 9,185,858. The firm has a market cap of $3.38 billion, a PE ratio of 21.23 and a beta of 1.59. The firm has a 50 day simple moving average of $5.17 and a two-hundred day simple moving average of $4.35. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. IAMGOLD has a twelve month low of $2.11 and a twelve month high of $6.37.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data on Thursday, August 8th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. IAMGOLD had a return on equity of 6.70% and a net margin of 10.36%. The firm had revenue of $385.30 million for the quarter. During the same period in the prior year, the company posted ($0.01) EPS.

Hedge Funds Weigh In On IAMGOLD

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC acquired a new position in shares of IAMGOLD in the 3rd quarter valued at about $29,000. Eastern Bank acquired a new position in shares of IAMGOLD during the third quarter valued at about $30,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of IAMGOLD by 3.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company's stock valued at $1,154,000 after buying an additional 8,972 shares during the period. Continuum Advisory LLC boosted its holdings in IAMGOLD by 92.9% in the second quarter. Continuum Advisory LLC now owns 20,450 shares of the mining company's stock worth $77,000 after acquiring an additional 9,850 shares in the last quarter. Finally, TIAA Trust National Association bought a new stake in shares of IAMGOLD during the second quarter valued at approximately $38,000. 47.08% of the stock is owned by institutional investors and hedge funds.

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.