Scotiabank Has Optimistic Outlook of IAMGOLD FY2025 Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Analysts at Scotiabank upped their FY2025 earnings estimates for IAMGOLD in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the mining company will post earnings of $0.64 per share for the year, up from their previous forecast of $0.47. The consensus estimate for IAMGOLD's current full-year earnings is $0.58 per share. Scotiabank also issued estimates for IAMGOLD's FY2026 earnings at $0.54 EPS.

A number of other analysts have also recently commented on the stock. CIBC upgraded shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a report on Monday, December 2nd. National Bank Financial raised shares of IAMGOLD from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Canaccord Genuity Group raised shares of IAMGOLD from a "hold" rating to a "buy" rating and raised their target price for the company from $7.75 to $10.50 in a research note on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $6.00 price objective on shares of IAMGOLD in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $6.68.

IAMGOLD Trading Up 0.4 %

NYSE IAG opened at $5.67 on Monday. The firm has a market capitalization of $3.24 billion, a PE ratio of 4.43 and a beta of 1.56. The stock's 50 day moving average is $5.37 and its 200 day moving average is $4.99. IAMGOLD has a twelve month low of $2.23 and a twelve month high of $6.37. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. ORG Partners LLC bought a new stake in IAMGOLD in the 3rd quarter worth about $29,000. Eastern Bank purchased a new position in shares of IAMGOLD during the third quarter valued at approximately $30,000. International Assets Investment Management LLC bought a new position in IAMGOLD during the third quarter valued at approximately $700,000. WINTON GROUP Ltd purchased a new stake in IAMGOLD in the second quarter worth approximately $52,000. Finally, Flow Traders U.S. LLC bought a new stake in IAMGOLD in the 3rd quarter worth approximately $93,000. Hedge funds and other institutional investors own 47.08% 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.