FY2024 Earnings Forecast for IAMGOLD Issued By Raymond James

IAMGOLD Co. (TSE:IMG) (NYSE:IAG) – Investment analysts at Raymond James upped their FY2024 earnings per share estimates for shares of IAMGOLD in a research report issued on Tuesday, January 14th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.91 for the year, up from their previous estimate of $0.85. The consensus estimate for IAMGOLD’s current full-year earnings is $1.11 per share.

IMG has been the subject of several other reports. National Bankshares reduced their price objective on IAMGOLD from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research report on Thursday, January 9th. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. National Bank Financial upgraded shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Cibc World Mkts raised shares of IAMGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Stifel Nicolaus upped their price target on shares of IAMGOLD from C$6.00 to C$9.00 in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$8.30.

IAMGOLD Trading Up 2.5 %

Shares of TSE:IMG opened at C$7.84 on Thursday. IAMGOLD has a fifty-two week low of C$3.00 and a fifty-two week high of C$8.80. The company has a quick ratio of 1.19, a current ratio of 1.34 and a debt-to-equity ratio of 35.17. The company has a market cap of C$4.47 billion, a PE ratio of 24.50, a P/E/G ratio of -0.28 and a beta of 1.47. The company’s 50-day moving average price is C$7.63 and its 200 day moving average price is C$6.90.

Insider Activity

In other IAMGOLD news, Senior Officer Stephen Eddy sold 16,100 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$7.80, for a total transaction of C$125,580.00. Also, Director Renaud Adams bought 36,000 shares of IAMGOLD stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of C$6.95 per share, with a total value of C$250,102.80. 0.10% of the stock is currently owned by company insiders.

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.