Research Analysts Offer Predictions for IAMGOLD Q4 Earnings

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Research analysts at Stifel Canada reduced their Q4 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.28. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share. Stifel Canada also issued estimates for IAMGOLD's FY2026 earnings at $1.41 EPS.

IMG has been the topic of several other reports. Stifel Nicolaus lifted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, February 3rd. Canaccord Genuity Group upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. National Bankshares lowered their price target on IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating for the company in a report on Thursday, January 9th. Finally, Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$8.30.

IAMGOLD Stock Down 1.0 %

Shares of TSE:IMG traded down C$0.09 during trading on Thursday, reaching C$9.15. The stock had a trading volume of 2,240,881 shares, compared to its average volume of 1,767,551. 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 company has a market capitalization of C$5.22 billion, a P/E ratio of 28.59, a PEG ratio of -0.28 and a beta of 1.47. The firm's 50-day simple moving average is C$8.04 and its 200 day simple moving average is C$7.30. IAMGOLD has a one year low of C$3.15 and a one year high of C$9.68.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.09. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%. During the same period last year, the firm earned ($0.01) EPS.

Insider Transactions at IAMGOLD

In related news, Director Renaud Adams bought 36,000 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of C$6.95 per share, with a total value of C$250,102.80. Also, Senior Officer Stephen Eddy sold 16,100 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. Company insiders own 0.10% 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.