Scotiabank Has Negative Outlook for IAMGOLD FY2026 Earnings

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of IAMGOLD in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the mining company will earn $0.43 per share for the year, down from their prior forecast of $0.54. The consensus estimate for IAMGOLD’s current full-year earnings is $0.67 per share.

IAG has been the subject of a number of other reports. Raymond James raised IAMGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, February 3rd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com cut IAMGOLD from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, CIBC raised their price target on IAMGOLD from $7.60 to $8.40 and gave the company an “outperformer” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, IAMGOLD presently has an average rating of “Moderate Buy” and an average price target of $6.90.

IAMGOLD Stock Down 2.5 %

IAMGOLD stock opened at $6.05 on Monday. IAMGOLD has a twelve month low of $3.01 and a twelve month high of $6.69. The stock has a 50 day moving average of $5.93 and a two-hundred day moving average of $5.55. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 4.17 and a beta of 1.63.

IAMGOLD (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Thursday, February 20th. The mining company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). IAMGOLD had a return on equity of 10.64% and a net margin of 50.19%. The company had revenue of $469.90 million for the quarter, compared to analyst estimates of $498.68 million.

Hedge Funds Weigh In On IAMGOLD

Hedge funds have recently bought and sold shares of the company. Tobam purchased a new position in IAMGOLD in the 4th quarter valued at approximately $25,000. Blue Trust Inc. increased its stake in IAMGOLD by 157.1% in the 4th quarter. Blue Trust Inc. now owns 9,018 shares of the mining company’s stock valued at $47,000 after purchasing an additional 5,511 shares in the last quarter. Raab & Moskowitz Asset Management LLC purchased a new position in IAMGOLD during the fourth quarter worth $56,000. Atria Wealth Solutions Inc. purchased a new position in IAMGOLD during the fourth quarter worth $68,000. Finally, Choreo LLC purchased a new position in IAMGOLD during the fourth quarter worth $88,000. 47.08% of the stock is owned by hedge funds and other institutional investors.

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.