Research Analysts Offer Predictions for IAMGOLD Q3 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Research analysts at Stifel Canada issued their Q3 2024 earnings estimates for IAMGOLD in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the mining company will post earnings of $0.15 per share for the quarter. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last released its earnings results on Thursday, August 8th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.10. The business had revenue of C$527.18 million during the quarter. IAMGOLD had a return on equity of 5.86% and a net margin of 10.36%.

Several other research firms have also issued reports on IMG. Royal Bank of Canada lowered IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Canaccord Genuity Group upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. National Bankshares boosted their price target on IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Stifel Nicolaus upped their target price on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$6.91.

IAMGOLD Stock Performance

IMG stock opened at C$8.22 on Wednesday. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19. The business has a 50-day moving average price of C$7.02 and a 200 day moving average price of C$5.92. The company has a market capitalization of C$4.69 billion, a P/E ratio of 25.69, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 1-year low of C$2.87 and a 1-year high of C$8.80.

Insider Activity

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Insiders own 0.10% 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.