Cormark Issues Pessimistic Forecast for IAMGOLD Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Equities research analysts at Cormark reduced their Q1 2025 earnings per share estimates for IAMGOLD in a research report issued on Wednesday, February 26th. Cormark analyst R. Gray now expects that the mining company will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.17. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

A number of other equities analysts also recently weighed in on the stock. National Bankshares boosted their price target on shares of IAMGOLD from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. 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 research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$8.68.

IAMGOLD Stock Up 4.8 %

IMG stock opened at C$8.35 on Thursday. IAMGOLD has a 1-year low of C$3.44 and a 1-year high of C$9.68. The stock has a market cap of C$3.39 billion, a P/E ratio of 4.33, a P/E/G ratio of -0.28 and a beta of 1.47. The stock’s fifty day simple moving average is C$8.32 and its two-hundred day simple moving average is C$7.59. The company has a current ratio of 0.89, a quick ratio of 1.19 and a debt-to-equity ratio of 28.93.

Insider Buying and Selling

In other IAMGOLD news, Senior Officer Timothy Bradburn sold 16,800 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. Also, Director Lawrence Peter O’hagan purchased 4,800 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of C$8.11 per share, with a total value of C$38,918.88. 0.10% of the stock is currently owned by insiders.

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.