What is Scotiabank’s Forecast for IAMGOLD FY2025 Earnings?

IAMGOLD Co. (NYSE:IAG) (TSE:IMG) – Stock analysts at Scotiabank raised their FY2025 earnings estimates for shares of IAMGOLD in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the mining company will earn $0.64 per share for the year, up from their prior estimate of $0.47. The consensus estimate for IAMGOLD’s current full-year earnings is $0.58 per share. Scotiabank also issued estimates for IAMGOLD’s FY2026 earnings at $0.54 EPS.

IAG has been the topic of several other reports. CIBC upgraded IAMGOLD from a “neutral” rating to a “sector outperform” rating in a research report on Monday, December 2nd. Canaccord Genuity Group raised IAMGOLD from a “hold” rating to a “buy” rating and raised their price target for the company from $7.75 to $10.50 in a report on Tuesday, October 22nd. StockNews.com cut shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $6.00 target price on shares of IAMGOLD in a research report on Tuesday, October 22nd. Finally, National Bank Financial upgraded shares of IAMGOLD from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, IAMGOLD has an average rating of “Moderate Buy” and an average price target of $6.68.

IAMGOLD Trading Up 0.4 %

IAG opened at $5.67 on Monday. IAMGOLD has a 12-month low of $2.23 and a 12-month high of $6.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.61. The stock has a market capitalization of $3.24 billion, a PE ratio of 4.43 and a beta of 1.56. The firm’s fifty day moving average price is $5.37 and its 200 day moving average price is $4.99.

Institutional Investors Weigh In On IAMGOLD

A number of large investors have recently bought and sold shares of IAG. ORG Partners LLC bought a new stake in IAMGOLD during the 3rd quarter worth $29,000. Eastern Bank bought a new stake in shares of IAMGOLD during the third quarter worth about $30,000. International Assets Investment Management LLC acquired a new position in shares of IAMGOLD in the third quarter valued at approximately $700,000. WINTON GROUP Ltd bought a new position in IAMGOLD in the 2nd quarter valued at approximately $52,000. Finally, Flow Traders U.S. LLC acquired a new stake in IAMGOLD during the 3rd quarter worth approximately $93,000. 47.08% of the stock is currently owned by institutional investors and hedge funds.

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.