National Bank Financial Estimates IAMGOLD Q3 Earnings

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at National Bank Financial issued their Q3 2024 EPS estimates for IAMGOLD in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the mining company will post earnings of $0.18 per share for the quarter. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its quarterly earnings data 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 net margin of 10.36% and a return on equity of 5.86%.

IMG has been the topic of several other reports. Royal Bank of Canada cut shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Stifel Nicolaus boosted their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday. Finally, National Bankshares boosted their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$6.91.

IAMGOLD Stock Performance

IMG stock opened at C$8.31 on Thursday. The company has a market capitalization of C$4.74 billion, a P/E ratio of 25.97, a PEG ratio of -0.28 and a beta of 1.47. The company has a 50-day simple moving average of C$7.02 and a 200 day simple moving average of C$5.92. IAMGOLD has a fifty-two week low of C$2.87 and a fifty-two week high of C$8.80. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17.

Insider Activity

In other IAMGOLD news, Senior Officer Bruno Lemelin sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total transaction of C$99,206.80. 0.10% of the stock is owned by corporate 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.