Stifel Canada Has Negative Forecast for IAMGOLD Q4 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Stifel Canada lowered their Q4 2024 EPS estimates for IAMGOLD in a report released on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the mining company will post earnings of $0.23 per share for the quarter, down from their previous estimate of $0.28. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Stifel Canada also issued estimates for IAMGOLD’s FY2026 earnings at $1.41 EPS.

IMG has been the topic of several other research reports. National Bankshares lowered their price objective on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. 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 boosted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Raymond James raised shares of IAMGOLD from a “strong sell” rating to a “hold” rating in a research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$8.30.

IAMGOLD Stock Performance

Shares of IMG stock opened at C$9.15 on Thursday. The firm has a market cap 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. The company has a debt-to-equity ratio of 35.17, a quick ratio of 1.19 and a current ratio of 1.34. IAMGOLD has a 52 week low of C$3.15 and a 52 week high of C$9.68. The firm’s 50-day simple moving average is C$8.01 and its two-hundred day simple moving average is C$7.27.

IAMGOLD (TSE:IMG) (NYSE:IAG) last announced its quarterly earnings data on Thursday, November 7th. The mining company reported C$0.24 EPS for the quarter, topping the consensus estimate 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 last year, the business earned ($0.01) EPS.

Insider Buying and Selling

In related news, Senior Officer Timothy Bradburn sold 16,800 shares of the company’s stock in a transaction that occurred 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, Senior Officer Stephen Eddy sold 16,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$7.80, for a total transaction of C$125,580.00. 0.10% of the stock is currently owned by 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.