IAMGOLD FY2026 EPS Lowered by National Bank Financial

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Research analysts at National Bank Financial cut their FY2026 EPS estimates for shares of IAMGOLD in a note issued to investors on Tuesday, January 14th. National Bank Financial analyst M. Parkin now anticipates that the mining company will post earnings of $1.05 per share for the year, down from their prior forecast of $1.14. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for IAMGOLD’s current full-year earnings is $0.60 per share.

A number of other research analysts have also recently issued reports on the stock. CIBC raised shares of IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research note on Monday, December 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $6.00 target price on shares of IAMGOLD in a report on Tuesday, October 22nd. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “buy” rating and raised their price objective for the stock from $7.75 to $10.50 in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered IAMGOLD from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.57.

IAMGOLD Stock Performance

NYSE:IAG opened at $5.60 on Thursday. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 4.37 and a beta of 1.56. 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 fifty-two week low of $2.23 and a fifty-two week high of $6.37. The stock has a fifty day moving average price of $5.39 and a 200-day moving average price of $5.03.

Hedge Funds Weigh In On IAMGOLD

Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of IAMGOLD by 8.8% in the third quarter. Van ECK Associates Corp now owns 52,894,690 shares of the mining company’s stock valued at $276,639,000 after buying an additional 4,267,084 shares during the period. Two Sigma Advisers LP raised its position in IAMGOLD by 58.8% during the third quarter. Two Sigma Advisers LP now owns 10,083,115 shares of the mining company’s stock valued at $52,735,000 after purchasing an additional 3,732,315 shares in the last quarter. FMR LLC lifted its position in IAMGOLD by 107.9% in the 3rd quarter. FMR LLC now owns 8,819,600 shares of the mining company’s stock worth $46,174,000 after buying an additional 4,577,599 shares during the last quarter. Millennium Management LLC grew its holdings in shares of IAMGOLD by 194.2% during the 2nd quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company’s stock valued at $29,573,000 after purchasing an additional 5,204,715 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of IAMGOLD by 28.6% in the 2nd quarter. American Century Companies Inc. now owns 5,708,298 shares of the mining company’s stock valued at $21,423,000 after acquiring an additional 1,270,608 shares during the last quarter. 47.08% of the stock is owned by 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.