FY2024 Earnings Forecast for IAMGOLD Issued By Raymond James

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Research analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for IAMGOLD in a report released on Monday, February 3rd. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.88 per share for the year, down from their prior estimate of $0.91. Raymond James has a "Hold" rating on the stock. 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 $0.23 EPS and Q2 2025 earnings at $0.28 EPS.

IAMGOLD (TSE:IMG - Get Free Report) NYSE: IAG last issued its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 EPS for the quarter, beating analysts' consensus estimates of C$0.15 by C$0.09. IAMGOLD had a net margin of 10.36% and a return on equity of 5.86%. During the same period in the previous year, the business posted ($0.01) EPS.

Several other brokerages also recently issued reports on IMG. Stifel Nicolaus lifted their price objective on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. National Bankshares decreased their price objective on IAMGOLD from C$12.50 to C$12.00 and set an "outperform" rating on the stock in a research note on Thursday, January 9th. Finally, Cibc World Mkts raised shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Two 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$8.30.

IAMGOLD Price Performance

Shares of TSE IMG traded down C$0.09 on Thursday, hitting C$9.15. The company's stock had a trading volume of 2,240,881 shares, compared to its average volume of 1,767,551. The stock has a 50 day moving average of C$8.04 and a 200-day moving average of C$7.30. The company has a market capitalization of C$5.22 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. IAMGOLD has a 12-month low of C$3.15 and a 12-month high of C$9.68. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19.

Insider Activity

In other news, Senior Officer Stephen Eddy sold 16,100 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. Company insiders own 0.10% of the company's stock.

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.