IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Equities researchers at Raymond James upped their Q3 2024 EPS estimates for IAMGOLD in a research note issued to investors on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.24 per share for the quarter, up from their prior estimate of $0.14. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share. Raymond James also issued estimates for IAMGOLD's Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.33 EPS and FY2025 earnings at $1.32 EPS.
IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last posted its quarterly earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, topping analysts' consensus estimates of C$0.12 by C$0.10. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. The business had revenue of C$527.18 million for the quarter.
Other equities analysts also recently issued reports about the stock. Canaccord Genuity Group increased their target price on shares of IAMGOLD from C$5.50 to C$6.00 in a research report on Tuesday, July 23rd. National Bankshares increased their target price on shares of IAMGOLD from C$7.00 to C$8.50 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada downgraded shares of IAMGOLD from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$5.70.
View Our Latest Research Report on IMG
IAMGOLD Stock Performance
Shares of TSE IMG remained flat at C$7.44 during mid-day trading on Thursday. 2,060,437 shares of the stock were exchanged, compared to its average volume of 1,501,104. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The firm has a market capitalization of C$4.24 billion, a PE ratio of 23.31, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1-year low of C$2.71 and a 1-year high of C$7.55. The stock has a fifty day simple moving average of C$6.39 and a 200 day simple moving average of C$5.54.
Insider Activity
In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. 0.10% of the stock is currently owned by company insiders.
About IAMGOLD
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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.
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