Stifel Canada Issues Negative Forecast for IAMGOLD Earnings

IAMGOLD Co. (NYSE:IAG - Free Report) TSE: IMG - Equities research analysts at Stifel Canada decreased their Q4 2024 EPS estimates for shares of IAMGOLD in a research note issued on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the mining company will earn $0.16 per share for the quarter, down from their previous forecast of $0.20. The consensus estimate for IAMGOLD's current full-year earnings is $0.57 per share.

IAMGOLD (NYSE:IAG - Get Free Report) TSE: IMG last posted its quarterly earnings data on Thursday, November 7th. The mining company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.07. The business had revenue of $438.90 million for the quarter. IAMGOLD had a return on equity of 10.01% and a net margin of 49.56%. During the same period in the prior year, the company posted ($0.01) EPS.

IAG has been the subject of a number of other research reports. CIBC upgraded shares of IAMGOLD from a "neutral" rating to a "sector outperform" rating in a research note on Monday, December 2nd. StockNews.com raised IAMGOLD from a "hold" rating to a "buy" rating in a report on Thursday. Cibc World Mkts upgraded shares of IAMGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Royal Bank of Canada restated a "sector perform" rating and issued a $6.00 price target on shares of IAMGOLD in a research report on Tuesday, October 22nd. Finally, Canaccord Genuity Group raised IAMGOLD from a "hold" rating to a "buy" rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, IAMGOLD has an average rating of "Moderate Buy" and an average price target of $6.57.

IAMGOLD Stock Down 0.9 %

IAG traded down $0.06 on Thursday, hitting $6.41. 11,268,177 shares of the company were exchanged, compared to its average volume of 12,636,900. The firm has a 50-day moving average price of $5.61 and a two-hundred day moving average price of $5.25. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 5.00 and a beta of 1.56. IAMGOLD has a twelve month low of $2.32 and a twelve month high of $6.64.

Institutional Trading of IAMGOLD

Several hedge funds have recently modified their holdings of IAG. Tobam purchased a new position in IAMGOLD in the fourth quarter worth $25,000. ORG Partners LLC acquired a new position in shares of IAMGOLD during the 3rd quarter worth $29,000. Eastern Bank purchased a new position in shares of IAMGOLD in the 3rd quarter valued at about $30,000. Blue Trust Inc. lifted its stake in shares of IAMGOLD by 157.1% in the fourth quarter. Blue Trust Inc. now owns 9,018 shares of the mining company's stock valued at $47,000 after purchasing an additional 5,511 shares during the period. Finally, Raab & Moskowitz Asset Management LLC purchased a new stake in IAMGOLD during the fourth quarter worth about $56,000. 47.08% of the stock is owned by institutional investors and hedge funds.

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.