IAMGOLD Co. (TSE:IMG – Free Report) (NYSE:IAG) – Investment analysts at Scotiabank lifted their FY2024 earnings per share estimates for shares of IAMGOLD in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will post earnings per share of $0.78 for the year, up from their previous forecast of $0.61. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Scotiabank also issued estimates for IAMGOLD’s FY2025 earnings at $0.92 EPS and FY2026 earnings at $0.78 EPS.
A number of other equities research analysts have also weighed in on IMG. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. National Bank Financial raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares decreased their price target 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. Stifel Nicolaus upped their price objective on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Finally, Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Two equities 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$8.30.
IAMGOLD Trading Down 3.5 %
Shares of IAMGOLD stock opened at C$7.89 on Monday. The stock has a market capitalization of C$4.50 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of -0.28 and a beta of 1.47. The stock has a 50 day moving average price of C$7.61 and a two-hundred day moving average price of C$6.88. 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$3.00 and a 52 week high of C$8.80.
Insider Activity at IAMGOLD
In related news, Director Renaud Adams acquired 36,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Timothy Bradburn sold 16,800 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total value of C$136,080.00. 0.10% of the stock is currently 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.
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