Raymond James Brokers Boost Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Stock analysts at Raymond James increased their Q4 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a research note issued to investors on Tuesday, January 14th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.22. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD's Q1 2025 earnings at $0.29 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.29 EPS and FY2025 earnings at $1.14 EPS.

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

IAMGOLD Price Performance

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

Insider Activity at IAMGOLD

In other IAMGOLD news, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Director Renaud Adams bought 36,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of C$6.95 per share, for a total transaction of C$250,102.80. 0.10% of the stock is owned by insiders.

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.