What is Stifel Canada’s Estimate for IAMGOLD Q3 Earnings?

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at Stifel Canada issued their Q3 2024 EPS estimates for IAMGOLD in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the mining company will earn $0.11 per share for the quarter. The consensus estimate for IAMGOLD’s current full-year earnings is $0.49 per share.

Several other equities research analysts have also issued reports on IAG. CIBC upped their price target on IAMGOLD from $5.40 to $6.40 and gave the company a “neutral” rating in a research report on Tuesday. National Bank Financial upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. StockNews.com upgraded IAMGOLD from a “sell” rating to a “hold” rating in a research note on Saturday, August 17th. Scotiabank increased their price target on IAMGOLD from $4.75 to $5.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $6.00 price objective on shares of IAMGOLD in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, IAMGOLD currently has a consensus rating of “Hold” and an average price target of $6.07.

IAMGOLD Trading Down 2.7 %

NYSE:IAG opened at $5.95 on Wednesday. The company has a market cap of $3.38 billion, a PE ratio of 21.23 and a beta of 1.59. The business’s 50 day moving average is $5.17 and its two-hundred day moving average is $4.35. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.30. IAMGOLD has a 52 week low of $2.11 and a 52 week high of $6.37.

IAMGOLD (NYSE:IAG) (TSE:IMG) last issued its earnings results on Thursday, August 8th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. The business had revenue of $385.30 million for the quarter. IAMGOLD had a net margin of 10.36% and a return on equity of 6.70%. During the same quarter last year, the company posted ($0.01) EPS.

Institutional Trading of IAMGOLD

A number of institutional investors have recently made changes to their positions in IAG. Helikon Investments Ltd raised its stake in shares of IAMGOLD by 250.5% in the 1st quarter. Helikon Investments Ltd now owns 32,861,554 shares of the mining company’s stock worth $109,429,000 after buying an additional 23,485,183 shares in the last quarter. Millennium Management LLC raised its holdings in shares of IAMGOLD by 194.2% in the 2nd quarter. Millennium Management LLC now owns 7,884,544 shares of the mining company’s stock worth $29,573,000 after purchasing an additional 5,204,715 shares in the last quarter. Van ECK Associates Corp lifted its stake in IAMGOLD by 8.2% during the first quarter. Van ECK Associates Corp now owns 52,053,035 shares of the mining company’s stock valued at $173,340,000 after purchasing an additional 3,935,250 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in IAMGOLD by 133.8% during the second quarter. Mackenzie Financial Corp now owns 2,992,780 shares of the mining company’s stock worth $11,246,000 after buying an additional 1,712,640 shares in the last quarter. Finally, American Century Companies Inc. grew its position in IAMGOLD by 28.6% in the second quarter. American Century Companies Inc. now owns 5,708,298 shares of the mining company’s stock worth $21,423,000 after buying an additional 1,270,608 shares during the last quarter. 47.08% of the stock is owned by institutional investors and hedge funds.

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.