What is Scotiabank's Forecast for IAMGOLD FY2026 Earnings?

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Scotiabank decreased their FY2026 earnings per share estimates for shares of IAMGOLD in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $0.43 per share for the year, down from their prior estimate of $0.54. The consensus estimate for IAMGOLD's current full-year earnings is $0.67 per share.

A number of other brokerages have also weighed in on IAG. CIBC reaffirmed an "outperform" rating on shares of IAMGOLD in a research note on Thursday, March 20th. StockNews.com downgraded IAMGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Cibc World Mkts upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Raymond James raised IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Finally, National Bank Financial raised shares of IAMGOLD to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $6.90.

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IAMGOLD Price Performance

IAG traded up $0.08 during midday trading on Monday, hitting $6.12. 12,833,898 shares of the company traded hands, compared to its average volume of 9,589,092. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 4.22 and a beta of 1.63. The business has a 50 day simple moving average of $5.94 and a two-hundred day simple moving average of $5.56. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. IAMGOLD has a 52-week low of $3.10 and a 52-week high of $6.69.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last released its quarterly earnings results on Thursday, February 20th. The mining company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.05). The company had revenue of $469.90 million during the quarter, compared to analyst estimates of $498.68 million. IAMGOLD had a net margin of 50.19% and a return on equity of 10.64%.

Institutional Trading of IAMGOLD

Large investors have recently added to or reduced their stakes in the stock. PKO Investment Management Joint Stock Co purchased a new position in shares of IAMGOLD during the 4th quarter worth $1,241,000. Polar Asset Management Partners Inc. acquired a new stake in IAMGOLD during the fourth quarter worth about $5,832,000. Mackenzie Financial Corp raised its stake in IAMGOLD by 7.1% during the fourth quarter. Mackenzie Financial Corp now owns 5,123,756 shares of the mining company's stock worth $26,456,000 after purchasing an additional 338,297 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in IAMGOLD by 0.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 600,647 shares of the mining company's stock valued at $3,099,000 after purchasing an additional 5,053 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its stake in shares of IAMGOLD by 5.3% in the 4th quarter. Voloridge Investment Management LLC now owns 1,520,218 shares of the mining company's stock valued at $7,844,000 after buying an additional 76,856 shares during the period. 47.08% of the stock is currently owned by hedge funds and other institutional investors.

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.