FY2024 Earnings Estimate for IAMGOLD Issued By Raymond James

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Raymond James increased their FY2024 earnings estimates for shares of IAMGOLD in a report released on Tuesday, January 14th. Raymond James analyst F. Hamed now expects that the mining company will earn $0.91 per share for the year, up from their prior forecast of $0.85. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

Several other equities analysts also recently commented on the stock. National Bankshares lowered their target price on shares of IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Stifel Nicolaus upped their price target on IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. National Bank Financial raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Cibc World Mkts upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$8.30.

IAMGOLD Stock Up 2.5 %

Shares of IAMGOLD stock opened at C$7.84 on Thursday. The stock has a 50-day simple moving average of C$7.63 and a 200-day simple moving average of C$6.90. IAMGOLD has a 52-week low of C$3.00 and a 52-week high of C$8.80. The firm has a market cap of C$4.47 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of -0.28 and a beta of 1.47. 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

In other IAMGOLD news, Senior Officer Stephen Eddy sold 16,100 shares of the 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 business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.10, for a total transaction of C$136,080.00. 0.10% of the stock is owned by 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.