National Bank Financial Lifts Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at National Bank Financial raised their FY2026 earnings estimates for shares of IAMGOLD in a report issued on Tuesday, December 17th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings of $1.68 per share for the year, up from their previous forecast of $1.58. 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.

IMG has been the topic of several other research 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 IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. National Bankshares increased their price target on shares of IAMGOLD from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their price target on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Two equities 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 company’s stock. According to data from MarketBeat.com, IAMGOLD presently has an average rating of “Buy” and a consensus target price of C$8.43.

IAMGOLD Trading Up 1.5 %

TSE IMG opened at C$7.46 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The business has a 50 day moving average price of C$7.60 and a 200-day moving average price of C$6.58. IAMGOLD has a 52 week low of C$3.00 and a 52 week high of C$8.80. The company has a market cap of C$4.25 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of -0.28 and a beta of 1.47.

Insider Activity at IAMGOLD

In related news, Senior Officer Stephen Eddy sold 16,100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was 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 stock in a transaction on 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 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.