What is Scotiabank's Estimate for IAMGOLD FY2026 Earnings?

IAMGOLD Co. (TSE:IMG - Free Report) NYSE: IAG - Investment analysts at Scotiabank reduced their FY2026 earnings estimates for IAMGOLD in a note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings of $0.61 per share for the year, down from their prior forecast of $0.78. The consensus estimate for IAMGOLD's current full-year earnings is $1.11 per share.

IMG has been the subject of several other research reports. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. National Bankshares upped their price objective on IAMGOLD from C$12.00 to C$13.50 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bank Financial upgraded IAMGOLD to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Raymond James upgraded IAMGOLD from a "strong sell" rating to a "hold" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, IAMGOLD has a consensus rating of "Buy" and a consensus target price of C$8.68.

IAMGOLD Price Performance

Shares of TSE:IMG traded up C$0.45 during midday trading on Monday, reaching C$9.19. The company's stock had a trading volume of 1,980,842 shares, compared to its average volume of 1,879,256. The business's fifty day simple moving average is C$8.55 and its 200-day simple moving average is C$7.83. The company has a market capitalization of C$3.73 billion, a P/E ratio of 4.77, a P/E/G ratio of -0.28 and a beta of 1.47. The company has a debt-to-equity ratio of 28.93, a current ratio of 0.89 and a quick ratio of 1.19. IAMGOLD has a fifty-two week low of C$4.36 and a fifty-two week high of C$9.68.

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Insider Transactions at IAMGOLD

In other IAMGOLD news, Director Christiane Bergevin acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of C$8.29 per share, with a total value of C$41,450.00. Also, Senior Officer Bruno Lemelin sold 15,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$8.52, for a total value of C$127,786.50. Insiders have purchased 45,800 shares of company stock worth $370,999 in the last three months. 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.