FY2024 Earnings Estimate for IAMGOLD Issued By Stifel Canada

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Analysts at Stifel Canada cut their FY2024 earnings per share (EPS) estimates for IAMGOLD in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the mining company will post earnings per share of $0.87 for the year, down from their prior forecast of $0.89. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Stifel Canada also issued estimates for IAMGOLD’s FY2025 earnings at $1.15 EPS.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its quarterly earnings results on Thursday, November 7th. The mining company reported C$0.24 earnings per share (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 quarter in the prior year, the business earned ($0.01) EPS.

A number of other equities analysts have also recently commented on IMG. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their price objective on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. National Bankshares reduced their price objective on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research note on Thursday, January 9th. Finally, Raymond James upgraded IAMGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$8.30.

IAMGOLD Stock Down 1.0 %

Shares of TSE IMG opened at C$9.15 on Friday. The stock has a market capitalization of C$5.22 billion, a price-to-earnings ratio of 28.59, a P/E/G 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 current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17. The firm’s 50-day moving average price is C$8.01 and its 200-day moving average price is C$7.27.

Insider Buying and Selling

In other news, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Director Renaud Adams purchased 36,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. 0.10% of the stock is owned by corporate insiders.

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.