National Bank Financial Lifts Earnings Estimates for IAMGOLD

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – National Bank Financial increased their FY2025 earnings per share estimates for IAMGOLD in a research note issued on Tuesday, December 17th. National Bank Financial analyst M. Parkin now expects that the mining company will post earnings of $0.97 per share for the year, up from their prior estimate of $0.94. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share.

A number of other research analysts also recently weighed in on the company. CIBC raised IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Royal Bank of Canada restated a “sector perform” rating and set a $6.00 price target on shares of IAMGOLD in a report on Tuesday, October 22nd. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.68.

IAMGOLD Stock Up 2.2 %

IAG opened at $5.20 on Thursday. The company has a market capitalization of $2.97 billion, a PE ratio of 4.06 and a beta of 1.56. The business has a 50-day moving average of $5.45 and a 200-day moving average of $4.80. IAMGOLD has a fifty-two week low of $2.23 and a fifty-two week high of $6.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61.

Institutional Investors Weigh In On IAMGOLD

Several hedge funds and other institutional investors have recently made changes to their positions in IAG. ORG Partners LLC acquired a new stake in IAMGOLD in the 3rd quarter valued at approximately $29,000. Eastern Bank acquired a new stake in IAMGOLD in the third quarter valued at $30,000. Aigen Investment Management LP increased its stake in shares of IAMGOLD by 10.6% during the 3rd quarter. Aigen Investment Management LP now owns 70,244 shares of the mining company’s stock worth $368,000 after purchasing an additional 6,704 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of IAMGOLD by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 264,288 shares of the mining company’s stock valued at $1,392,000 after purchasing an additional 6,874 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in IAMGOLD by 3.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 306,980 shares of the mining company’s stock valued at $1,154,000 after purchasing an additional 8,972 shares during the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

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.