National Bank Financial Expects Weaker Earnings for IAMGOLD

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

IAG has been the topic of a number of other reports. Raymond James dropped their price objective on IAMGOLD from $6.50 to $6.00 and set an “underperform” rating on the stock in a research note on Wednesday. CIBC raised 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 price objective on shares of IAMGOLD in a research report on Tuesday, October 22nd. Canaccord Genuity Group upgraded shares of IAMGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered shares of IAMGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.57.

Read Our Latest Report on IAG

IAMGOLD Price Performance

IAG stock opened at $5.46 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 4.26 and a beta of 1.56. The company’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $5.02. IAMGOLD has a 12-month low of $2.23 and a 12-month high of $6.37.

Hedge Funds Weigh In On IAMGOLD

Several hedge funds have recently modified their holdings of IAG. ORG Partners LLC bought a new position in shares of IAMGOLD in the third quarter valued at approximately $29,000. Eastern Bank bought a new position in IAMGOLD in the 3rd quarter valued at $30,000. WINTON GROUP Ltd purchased a new stake in shares of IAMGOLD during the 2nd quarter valued at $52,000. Flow Traders U.S. LLC purchased a new stake in shares of IAMGOLD during the 3rd quarter valued at $93,000. Finally, Verition Fund Management LLC bought a new stake in shares of IAMGOLD during the 3rd quarter worth $114,000. Institutional investors own 47.08% of the company’s stock.

IAMGOLD Company Profile

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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.

See Also

Earnings History and Estimates for IAMGOLD (NYSE:IAG)

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