FY2024 Earnings Estimate for IAMGOLD Issued By Cormark

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Cormark dropped their FY2024 EPS estimates for IAMGOLD in a report released on Wednesday, January 15th. Cormark analyst R. Gray now expects that the mining company will earn $0.82 per share for the year, down from their prior estimate of $0.86. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Cormark also issued estimates for IAMGOLD’s Q4 2024 earnings at $0.17 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.19 EPS, FY2025 earnings at $0.89 EPS and FY2026 earnings at $1.63 EPS.

Several other research firms have also recently weighed in on IMG. National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. National Bankshares reduced their price target 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. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their target price on shares of IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Finally, Cibc World Mkts upgraded 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 given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, IAMGOLD currently has a consensus rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Trading Up 0.6 %

Shares of IAMGOLD stock opened at C$8.14 on Monday. 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 firm has a market cap of C$4.64 billion, a price-to-earnings ratio of 25.44, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a twelve month low of C$3.06 and a twelve month high of C$8.80. The business has a 50-day moving average price of C$7.65 and a 200-day moving average price of C$6.97.

Insider Activity at IAMGOLD

In other IAMGOLD news, Director Renaud Adams acquired 36,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average price of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Stephen Eddy sold 16,100 shares of IAMGOLD 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. 0.10% of the stock is currently 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.