Q3 Earnings Forecast for IAMGOLD Issued By Stifel Canada

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Equities researchers at Stifel Canada issued their Q3 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the mining company will post earnings of $0.15 per share for the quarter. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share.

A number of other equities research analysts have also weighed in on IMG. Stifel Nicolaus boosted their target price on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday. Royal Bank of Canada cut shares of IAMGOLD from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, September 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. National Bankshares increased their target price on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, National Bank Financial upgraded IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$6.91.

IAMGOLD Trading Down 2.6 %

IAMGOLD stock traded down C$0.22 during mid-day trading on Wednesday, hitting C$8.22. The company's stock had a trading volume of 2,132,131 shares, compared to its average volume of 1,555,107. The business has a 50 day moving average price of C$7.02 and a 200-day moving average price of C$5.92. IAMGOLD has a 12 month low of C$2.87 and a 12 month high of C$8.80. The stock has a market cap of C$4.69 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last announced its quarterly earnings data 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 firm had revenue of C$527.18 million during the quarter.

Insider Activity at IAMGOLD

In other news, Senior Officer Bruno Lemelin sold 14,000 shares of the stock in a transaction that occurred on 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 owned by corporate insiders.

IAMGOLD Company Profile

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.