Cormark Analysts Boost Earnings Estimates for IAMGOLD

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Stock analysts at Cormark boosted their Q4 2024 earnings per share (EPS) estimates for shares of IAMGOLD in a research report issued on Monday, November 11th. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.22 per share for the quarter, up from their previous forecast of $0.21. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share. Cormark also issued estimates for IAMGOLD’s FY2025 earnings at $1.31 EPS.

A number of other research analysts have also issued reports on the company. Stifel Nicolaus increased their target price on IAMGOLD from C$6.00 to C$9.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Royal Bank of Canada lowered shares of IAMGOLD from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 10th. National Bankshares upped their price target on shares of IAMGOLD from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, National Bank Financial upgraded IAMGOLD from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, IAMGOLD has a consensus rating of “Buy” and a consensus target price of C$7.29.

IAMGOLD Stock Down 0.4 %

Shares of IMG opened at C$6.99 on Wednesday. The firm has a market cap of C$3.99 billion, a P/E ratio of 22.25, a PEG ratio of -0.28 and a beta of 1.47. IAMGOLD has a 12 month low of C$2.87 and a 12 month high of C$8.80. The stock’s 50 day moving average is C$7.23 and its two-hundred day moving average is C$6.18. The company has a current ratio of 1.34, a quick ratio of 1.19 and a debt-to-equity ratio of 35.17.

Insider Transactions at IAMGOLD

In other IAMGOLD news, Director Renaud Adams bought 36,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of C$6.95 per share, with a total value of C$250,102.80. In related news, Director Renaud Adams bought 36,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of C$6.95 per share, for a total transaction of C$250,102.80. Also, Senior Officer Bruno Lemelin sold 14,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$7.09, for a total value of C$99,206.80. Insiders own 0.10% 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.