FY2025 EPS Estimates for IAMGOLD Boosted by Analyst

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Analysts at National Bank Financial upped their FY2025 earnings estimates for IAMGOLD in a report released on Tuesday, December 17th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings of $0.97 per share for the year, up from their previous forecast of $0.94. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share.

Several other brokerages have also issued reports on IAG. CIBC upgraded shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $6.00 target price on shares of IAMGOLD in a research note on Tuesday, October 22nd. Cibc World Mkts raised IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.68.

IAMGOLD Stock Up 0.2 %

Shares of NYSE:IAG opened at $5.09 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.89. IAMGOLD has a 52-week low of $2.23 and a 52-week high of $6.37. The firm has a market capitalization of $2.91 billion, a P/E ratio of 3.98 and a beta of 1.56. The stock has a 50 day moving average price of $5.44 and a 200-day moving average price of $4.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in IAMGOLD in the 3rd quarter worth approximately $29,000. Eastern Bank purchased a new position in shares of IAMGOLD in the 3rd quarter worth $30,000. TIAA Trust National Association bought a new stake in shares of IAMGOLD in the second quarter worth $38,000. WINTON GROUP Ltd purchased a new stake in IAMGOLD during the second quarter valued at $52,000. Finally, Banque Cantonale Vaudoise bought a new position in IAMGOLD in the second quarter valued at about $56,000. Institutional investors own 47.08% of the company’s stock.

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.