National Bank Financial Expects Higher Earnings for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities researchers at National Bank Financial lifted their FY2026 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued to clients and investors on Tuesday, December 17th. National Bank Financial analyst M. Parkin now expects that the mining company will earn $1.68 per share for the year, up from their prior forecast of $1.58. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

A number of other research firms also recently issued reports on IMG. Stifel Nicolaus increased their price objective on IAMGOLD from C$6.00 to C$9.00 in a report on Monday, October 21st. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada downgraded shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, National Bankshares raised their price objective on IAMGOLD from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$8.43.

IAMGOLD Price Performance

Shares of TSE IMG opened at C$7.46 on Friday. IAMGOLD has a 1 year low of C$3.00 and a 1 year high of C$8.80. The stock has a market capitalization of C$4.25 billion, a P/E ratio of 23.31, a P/E/G ratio of -0.28 and a beta of 1.47. The company’s 50-day moving average is C$7.60 and its 200 day moving average is C$6.58. The company has a debt-to-equity ratio of 35.17, a current ratio of 1.34 and a quick ratio of 1.19.

Insider Buying and Selling at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total value of C$125,580.00. Also, 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. Insiders own 0.10% of the company’s stock.

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.