FY2024 Earnings Estimate for IAMGOLD Issued By Stifel Canada

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Analysts at Stifel Canada boosted their FY2024 earnings per share (EPS) estimates for IAMGOLD in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings of $0.61 per share for the year, up from their prior forecast of $0.45. The consensus estimate for IAMGOLD's current full-year earnings is $0.49 per share. Stifel Canada also issued estimates for IAMGOLD's FY2025 earnings at $0.93 EPS and FY2026 earnings at $1.10 EPS.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings data on Thursday, August 8th. The mining company reported $0.16 earnings per share for the quarter, beating 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 business had revenue of $385.30 million for the quarter. During the same quarter last year, the firm earned ($0.01) EPS.

A number of other research analysts also recently weighed in on IAG. StockNews.com raised shares of IAMGOLD from a "sell" rating to a "hold" rating in a research report on Saturday, August 17th. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating in a research report on Tuesday. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating and increased their price target for the company from $7.75 to $10.50 in a research report on Tuesday. Royal Bank of Canada restated a "sector perform" rating and issued a $6.00 price target on shares of IAMGOLD in a research note on Tuesday. Finally, Scotiabank upped their price objective on IAMGOLD from $4.75 to $5.50 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.07.

IAMGOLD Stock Up 1.0 %

Shares of IAG stock traded up $0.06 on Thursday, hitting $5.99. 8,654,331 shares of the stock were exchanged, compared to its average volume of 9,183,356. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $3.41 billion, a P/E ratio of 21.23 and a beta of 1.59. IAMGOLD has a fifty-two week low of $2.11 and a fifty-two week high of $6.37. The business has a 50-day moving average of $5.17 and a 200 day moving average of $4.35.

Institutional Investors Weigh In On IAMGOLD

A number of large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in IAMGOLD during the third quarter worth $29,000. Eastern Bank acquired a new stake in shares of IAMGOLD during the third quarter worth $30,000. TIAA Trust National Association bought a new position in shares of IAMGOLD in the 2nd quarter worth about $38,000. Cetera Advisors LLC bought a new stake in IAMGOLD in the first quarter worth approximately $50,000. Finally, WINTON GROUP Ltd acquired a new position in shares of IAMGOLD during the 2nd quarter valued at $52,000. Institutional investors and hedge funds 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.